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particular interest to economists, namely income and wealth and (b) to discuss issues in relation to their use, in particular … with respect to missing data. We describe how the income and wealth data were collected. We assess the quality of the … the relationship between income/wealth and life satisfaction, another variable captured in TILDA. We find that income and …
Persistent link: https://www.econbiz.de/10013081818
Persistent link: https://www.econbiz.de/10010437761
inequality. In high income countries, the evidence that income (wealth) does have a causal impact on health in adulthood is weak …We examine the relationship between income and health with the purpose of establishing the extent to which the … distribution of health in a population contributes to income inequality and is itself a product of that inequality. The evidence …
Persistent link: https://www.econbiz.de/10010224791
This paper is about “Capital in the Twenty-first Century” by Thomas Piketty. It identifies his central macroeconomic claims and examines them, arguing that the contentions are theoretically and empirically unwarranted.
Persistent link: https://www.econbiz.de/10010349913
visibility in the deprivation of goods and assets vis-à-vis income behind perceptions of relative deprivation. We rely on … wealth by aggregating visible goods and assets using principal component weights. We find that relative deprivation in … visible wealth has a ten percentage point higher explanatory power for reporting a high level of perceived deprivation than …
Persistent link: https://www.econbiz.de/10010363484
income. We argue that instead of using yearly income, one should measure wealth tax burdens with respect to individual … concept can be established. Under our preferred income concept, the wealth tax shows advantageous distributional effects - it …Recent books by Thomas Piketty (Piketty, 2014) and Anthony Atkinson (Atkinson, 2015) have brought the annual wealth tax …
Persistent link: https://www.econbiz.de/10011717186
of permanent-income has grown much faster than the corresponding share of assets. Human wealth has a mitigating influence …We characterize the distribution of permanent-income and quantify the value of assets and human capital in lifetime … wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for …
Persistent link: https://www.econbiz.de/10012183332
As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly … affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in … marital choices may be undergoing change. We expand the traditional dimension of assortative mating through labor income only …
Persistent link: https://www.econbiz.de/10011874278
relationships between income and wealth, house price inflation, differential savings, and income from wealth. …The inequality of wealth in China has increased rapidly in recent years. Prior to 1978 all Chinese households possessed … negligible wealth. China therefore presents a fascinating case study of how inequality of household wealth increases as economic …
Persistent link: https://www.econbiz.de/10011876477
to predict the evolution of a wealth distribution over time. Stochastic labour income follows a deterministic growth …In this paper, we develop and numerically solve a model of idiosyncratic labour income and idiosyncratic interest rates … interest rate implies a stationary long-run wealth distribution, a high interest rate implies non-stationary wealth …
Persistent link: https://www.econbiz.de/10011913697