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human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh …
Persistent link: https://www.econbiz.de/10013382060
The distribution of income and wealth in Germany is assessed quite differently. Depending on the indicators, the sample … more unequally among younger income earners than among older ones. The importance of wealth should not be underestimated in …
Persistent link: https://www.econbiz.de/10012225957
wealth and income inequality at the cost of negative effects on capital, labor, and output. Finally, these theoretical …Is the Spanish economy positioned at its optimal progressivity level in personal income tax? This article quantifies … results are evaluated using tax microdata and describe a current scenario where the income-top households typically face …
Persistent link: https://www.econbiz.de/10012389033
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
income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality …The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional … resulting from a redistribution towards profits weakens the growth effects of this redistribution. Consequently, a wage …
Persistent link: https://www.econbiz.de/10012182882
likely to invest in financial assets as their income increases, but the share of financial assets in total wealth remains … subdued as household income increases, since at that point real estate wealth becomes dominant. Finally, we discover that … Türkiye is compared with Euro area countries. First, we find that income and household characteristics are among the leading …
Persistent link: https://www.econbiz.de/10014479723
Inheritance and gift taxation vary widely among countries in both the design and tax burden. We analyze the impact of a series of factors, such as the country's affluence, political preferences, preferences for equity, aging ratio, fiscal standing of the state, and the country's size, on...
Persistent link: https://www.econbiz.de/10014444703
on the wealth of households. Specifically, we consider additional property taxation, 70% taxation of income without a …
Persistent link: https://www.econbiz.de/10014506697
excess kurtosis. Denmark has a progressive income tax system with a high level of taxes and a relatively generous and heavily …We document facts about earnings and disposable income inequality and growth in Denmark in the period 1987-2016. During … subsidized unemployment insurance system. Consequently, the dispersion of log disposable income growth is much smaller than for …
Persistent link: https://www.econbiz.de/10014306276
parameter combinations, the system may move onto an explosive trajectory with an ever-rising concentration of wealth and income … wealth accumulation and distribution, which captures the key aspects of the Cambridge debate on (anti-)dual and Pasinetti … a standard Bhaduri-Marglin model. Endogenizing the profit share yields a two-dimensional dynamic system of the wealth …
Persistent link: https://www.econbiz.de/10015149327