This paper studies the impact of austerity measures implemented by the UK government after 2010 on life expectancy and mortality. We combine administrative data sources to create a panel dataset spanning from 2002 to 2019. Using a difference-in-differences strategy, we estimate the effect of...

This paper combines historical cross-sectional and longitudinal income and wealth data in the United States to present the evolution of absolute intragenerational mobility from the 1960s onward. That is, the fraction of families with higher income or wealth over a given period. We find that the...

Homoploutia describes the situation in which the same people (homo) are wealthy (ploutia) in the space of capital and labor income in some country. It can be quantified by the share of capital-income rich who are also labor-income rich. In this paper we combine several datasets covering...

This paper uses Bureau of Labor Statistics employment and wage data to study the distributional impact of the COVID-19 crisis on wages in the United States by mid-April. It answers whether wages of lower-wage workers decreased more than others', and to what extent. We find that the COVID-19...

This paper studies the estimation of wealth distribution using estates left at death. We establish formal conditions for adopting a simplied version of the classic estate multi- plier method, using only minimal information on estates and mortality. We empirically validate these conditions and...

This paper studies the effects of capital tax reforms on retained earnings, dividend tax revenues, and income inequality in Israel between 2001 and 2020. We analyze two major dividend tax reforms: a permanent rate increase in 2012 and a temporary tax relief in 2017. By combining administrative...

Income inequality and income intergenerational immobility are positively associated across countries. Here we provide an explanation for this association and show it is mechanically driven by the definition of the intergenerational earnings elasticity. This may hint that higher intergenerational...

Although investors are often advised to diversify their investment portfolios as well as to consider rebalancing them periodically, research has shown that they often ignore this advice. We try to determine if this behavior is rational by analyzing a risk-averse investor who chooses between...

We investigate the effect of immigration to the UK showing that immigration is responsible for less than 16% of the increase in UK income and wealth inequality over the last 25 years. The contribution from EU immigrants is less than 10%, and less than 5% comes from EU8 EU2 (Bulgaria, the Czech...