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inheritance. Wealth–income ratios, inherited wealth, and wealth inequalities were high in the eighteenth to nineteenth centuries … up until World War I, then sharply dropped during the twentieth century following World War shocks, and have been rising … show that over a wide range of models, the long-run magnitude and concentration of wealth and inheritance are an increasing …
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Does redistribution increase inequality? Is inequality harmfiil for growth? Both questions have recently been addressed in a number of single-tax models. In this paper, I examine the relationship between policy, growth and inequality when income and wealth can be taxed at different rates. In the...
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A key question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in analyzing this issue, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes magazine's listing of billionaires and decompose it...
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