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If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion … transitional phase of increasing wealth inequality, which characterizes the current state of high-income countries: The wealth … share of capitalists rises to over 60%, the wealth-to-income ratio increases, and income inequality rises. Finally, we show …
Persistent link: https://www.econbiz.de/10011927150
Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality …
Persistent link: https://www.econbiz.de/10010489954
A model is developed for peasant households in land abundant areas who choose between two technologies for land preparation: a manual one and one using draught animals. For draught a minimum number of animals is required so that a technological non convexity exists. It follows that certain...
Persistent link: https://www.econbiz.de/10011453277
The inheritance tax is often seen as an effective tool to reduce wealth inequality, to raise public budgets if needed … tool for fighting wealth inequality without having distorting effects for the economy. For this purpose, the distributional …
Persistent link: https://www.econbiz.de/10012419216
residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in … distribution. Another important issue is whether housing-related policies raise potential trade-offs between equity, or inequality …
Persistent link: https://www.econbiz.de/10012202943
The last four decades have been marked by growing inequality. The inequality of income and wealth is one of the most … important macroeconomic issues of our time. Inequality contributed to Global Savings Glut and Global Financial Crisis through … factors, monetary policy, high leverage and the development of new money substitutes are critical in explaining the inequality …
Persistent link: https://www.econbiz.de/10012062552
The rate of homeownership is close to the OECD average in Luxembourg. However, strong house price increases, mainly driven by population growth and limited housing supply, led to a deterioration in affordability of housing, in particular for the young and added to the wealth gap between...
Persistent link: https://www.econbiz.de/10012259010
We study beliefs about wealth inequality and preferences for wealth redistribution. For this, we conduct a large … overestimate their position reduce their aversion to inequality after learning their position, while those who underestimate their …
Persistent link: https://www.econbiz.de/10014543737
There has been a universal statutory minimum wage in Germany for a good four years, but many employees still do not receive it. This is the finding of new calculations based on the Socio-Economic Panel (SOEP), which have updated noncompliance with the minimum wage for 2017. Even conservative...
Persistent link: https://www.econbiz.de/10012035055
those years. In this way, inequality and poverty can be estimated by using the same statistical criteria that are used today …
Persistent link: https://www.econbiz.de/10012921192