We analyze the challenges in adopting the rank-rank model of intergenerational mobility for policy evaluation. For rank-based analysis of intergenerational mobility, it is standard to calculate cohort-specific ranks from the national distribution, but separately for children's and parents'...

This paper studies the redistribution effect of personal income tax in Pakistan. We decompose the overall tax system in order to evaluate the contribution of rate, allowances, deductions, exemptions and credits. The structure given in Income Tax Ordinance, 2001, is applied to gross household...

This analysis aims to explore how employee income distribution performed during the first year of the COVID-19 pandemic; it further aims to compare it with a pre-pandemic scenario (2019) and with the financial and the sovereign debt crisis. By referring to the EU Labour Force Survey (LFS)...

This research report explores the issue of wealth in Italy, investigating the ‘very rich’ with top incomes and very large assets. Part one provides an overview of the dimensions of wealth, starting from definitions, sources and methods. An international perspective and a focus on the country...

We study the relationship between efficient markets, value neutrality and symmetric maximum entropy principle. We find that the efficient market is in the state of maximum information entropy, which means that market prices fluctuate randomly, that value neutrality is in the state of maximum...

Intergenerational transfers are both common and markedly unequal. This study conducts a large-scale experiment to explore how Americans and Chinese perceive the fairness of unequal wealth transfers. In the experiment, workers and their parents completed assignments. Workers' payoffs originated...

Over the past 40 years of reform and opening up, China has undergone drastic changes and social classes have been sharply divided. It is also an indisputable fact that China's income distribution gap is getting wider and wider. Who is behind China's widening income distribution gap? After our...

Intergenerational transfers are widespread and significantly unequal. This study explores people’s fairness preferences regarding inequality caused by wealth transfers from economically advantaged parents through a large-scale experiment. In the experiment, workers and their parents completed...