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The evolution of top incomes in an egalitarian society : Sweden, 1903 - 2004

Roine, Jesper (contributor); … - 2006

before the expansion of the welfare state, in fact, by 1950 Swedish top income shares were already lower than in other … ; Income distribution ; Wealth distribution ; Top incomes ; Welfare State ; Sweden ; Taxation ; Capital gains …

Persistent link: https://www.econbiz.de/10003307327

The Evolution of Top Incomes in an Egalitarian Society; Sweden, 1903-2004

Roine, Jesper - 2008

the expansion of the welfare state and by 1950 Swedish top income shares were already lower than in other countries. The …

Persistent link: https://www.econbiz.de/10012768465

Inequality and the New Deal

Belabed, Christian A. - 2016

There is a large body of literature analyzing the onset of the Great Depression or the factors influencing economic recovery in the 1930s, especially the New Deal. The role of income inequality before and during the Great Depression, however, has almost never been discussed thoroughly. This...

Persistent link: https://www.econbiz.de/10011477411

The Great Recession and racial inequality : evidence from measures of economic well-being

Masterson, Thomas; Zacharias, Ajit; Rios-Avila, Fernando; … - 2017

The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The … in overall economic well-being and inequality as well as changes in racial economic inequality over the Great Recession …, during the Great Recession racial inequality in terms of the Levy Institute Measure of Economic Well-Being (LIMEW) decreased …

Persistent link: https://www.econbiz.de/10011591483

Indebted demand

Mian, Atif; Straub, Ludwig; Sufi, Amir - 2020

We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation that borrowers and savers differ in their marginal...

Persistent link: https://www.econbiz.de/10012199991

How does monetary policy affect income and wealth inequality? : evidence from quantitative easing in the euro area

Lenza, Michele; Slacalek, Jirka - 2018

This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The aggregate effects of quantitative easing are estimated in a multi-country VAR model of the four largest euro area countries, in which key variables affecting household income and...

Persistent link: https://www.econbiz.de/10011921470

Who pays the price of folly? : the business cycle and income and wealth mobility in Spain

Martínez-Toledano, Clara; Law, David; Haugh, David; … - 2019

recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data …

Persistent link: https://www.econbiz.de/10012111075

Monetary policy and wealth inequality over the great recession in the UK : an empirical analysis

Mumtaz, Haroon; Theophilopoulou, Angeliki - 2019

We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth inequality from 2005 to 2016 at the monthly frequency. We investigate the dynamic relationship between monetary policy and the evolution of wealth inequality measures. Our...

Persistent link: https://www.econbiz.de/10012120339

Shocks, frictions, and inequality in US business cycles

Bayer, Christian; Born, Benjamin; Luetticke, Ralph - 2020

How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...

Persistent link: https://www.econbiz.de/10012162730

Inequality over the business cycle : the role of distributive shocks

Clemens, Marius; Eydam, Ulrich; Heinemann, Maik - 2020

This paper examines the dynamics of wealth and income inequality along the business cycle and assesses how they are related to fluctuations in the functional income distribution. In a panel estimation for OECD countries between 1970 and 2016 we find that on average income inequality - measured...

Persistent link: https://www.econbiz.de/10012170668