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differential saving rates, differential rates of return matter for Post Keynesian theory, because they impact the income and wealth …This paper estimates rates of return across the gross wealth distribution in eight European countries. Like … wealth differentiates between three socioeconomic groups: 30% are asset-poor, 65% are middle-class home owners, and the top 5 …
Persistent link: https://www.econbiz.de/10012123110
differential saving rates, differential rates of return matter for Post Keynesian theory, because they impact the income and wealth …This paper estimates rates of return across the gross wealth distribution in eight European countries. Like … wealth differentiates between three socioeconomic groups: 30% are asset-poor, 65% are middle-class home owners, and the top 5 …
Persistent link: https://www.econbiz.de/10012182820
We provide evidence that the distributions of consumption, labor income, wealth, and capital income exhibit asymptotic … magnitudes of these four tails simultaneously. Mechanisms addressing the wealth concentration puzzle in these models through … Pareto tails by positing a combination of non-homothetic, wealth-dependent preferences and scale-dependent returns to capital …
Persistent link: https://www.econbiz.de/10014442010
Persistent link: https://www.econbiz.de/10009239368
Persistent link: https://www.econbiz.de/10010438912
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Persistent link: https://www.econbiz.de/10012792342
Persistent link: https://www.econbiz.de/10014335191
Wealth concentration in the U.S. has increased over the past 25 years across multiple methodologies for measuring … wealth. But the reasons for the increase—and the timing of the increase—are quite different. In this note, we show that most … the sharp increase in wealth concentration during and after the crisis differ remarkably across methods. We describe some …
Persistent link: https://www.econbiz.de/10014094552