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optimization problem that aims at preserving for each wealth instrument the level of inequality measured by the Gini coefficient … wealth discrepancies across the households. Finally, based on the German HFCS, we compare the findings with another approach … may reallocate households' wealth beyond the observed discrepancies, thereby leading to Gini coefficients that exceed the …
Persistent link: https://www.econbiz.de/10014482886
capital income and earnings taxation on expected wealth concentration over higher quantiles as well as on conditional upper … distributions. While useful in studies of ergodic wealth accumulation processes and the persistence of inequality, our results can … tail dispersion of wealth holdings, qualifying previous results that solely rely on the determination of Pareto exponents. …
Persistent link: https://www.econbiz.de/10014318759
In the real world many social and economic decisions have to be made with imperfect information and uncertainty. In the … function, although social welfare evaluation also faces a scarcity of information and ambiguity of income distribution. In this … to handle income distribution ambiguity. Under some reasonable conditions the relation of income distribution to social …
Persistent link: https://www.econbiz.de/10013118032
case of the Gini coefficient, the bisection method can be used. We implement the procedures using artificial and real-world …
Persistent link: https://www.econbiz.de/10011513031
taxation from Income Tax point of view. Although there are certain incentives to the acquisition of property in tax laws, an …
Persistent link: https://www.econbiz.de/10013139732
or future capital gains. However, an important unanswered question is at what threshold should an investor harvest a loss …
Persistent link: https://www.econbiz.de/10013404561
Persistent link: https://www.econbiz.de/10012547040
Persistent link: https://www.econbiz.de/10012055170
allocation. It is shown that every perfectly fair allocation is efficient and envy-free, income-fair and furthermore gives every …
Persistent link: https://www.econbiz.de/10014120927
We derive sufficient conditions for non-emptyness of the efficient set for Stochastic Dominance Relations, commonly applied in Economics and Finance, over sets of distributions on the real line. We do so via the use of the concept of stochastic spanning and its characterization via a saddle type...
Persistent link: https://www.econbiz.de/10012946120