Results 1 to 10 of about 84,849 (49)
Capital Accumulation, Private Property, and Rising Inequality in China, 1978–2015
The American Economic Review, 2019 We combine national accounts, surveys, and new tax data to study the accumulation and distribution of income and wealth in China from 1978 to 2015. The national wealth-income ratio increased from 350 percent in 1978 to 700 percent in 2015, while the ...
Thomas Piketty, Li Yang, G. Zucman
semanticscholar +1 more source
The Distribution of Wealth and the Marginal Propensity to Consume
Social Science Research Network, 2017 We present a macroeconomic model calibrated to match both microeconomic and macroeconomic evidence on household income dynamics. When the model is modified in a way that permits it to match empirical measures of wealth inequality in the U.S., we show ...
Christopher D. Carroll +3 more
semanticscholar +1 more source
Wealth Tax Mobility and Tax Coordination
Social Science Research NetworkWe study the effects of decentralized wealth taxation on mobility and the effectiveness of tax coordination at mitigating tax competition. We exploit the reintroduction of the Spanish wealth tax, after which all regions except Madrid levied positive tax ...
David R. Agrawal +2 more
semanticscholar +1 more source
Skewed Wealth Distributions: Theory and Empirics
Journal of Economic Literature, 2018 Invariably, across a cross-section of countries and time periods, wealth distributions are skewed to the right displaying thick upper tails, that is, large and slowly declining top wealth shares.
J. Benhabib, Alberto Bisin
semanticscholar +1 more source
Shocks, Frictions, and Inequality in US Business Cycles
Social Science Research NetworkWe show how a heterogeneous agent New Keynesian (HANK) model with incomplete markets and portfolio choice can be estimated in state space using a Bayesian approach.
Christian Bayer +2 more
semanticscholar +1 more source
OPTIMAL TAXATION AND MARKET POWER
Social Science Research NetworkShould optimal income taxation change when firms have market power? We analyze how the planner can optimally tax labor income of workers and profits of entrepreneurs.
J. Eeckhout +3 more
semanticscholar +1 more source
Income Segregation and the Rise of the Knowledge Economy
American Economic Journal: Applied Economics, 2023 We analyze the effect of an increase in knowledge-intensive activities on spatial inequality in US cities. We leverage a predetermined network of patent citations to instrument for local innovation trends.
Enrico G. Berkes, Ruben Gaetani
semanticscholar +1 more source
Accounting for Wealth Concentration in the United States
Social Science Research NetworkWe assess the empirical relevance of different macroeconomic modeling approaches to wealth concentration, using the joint distribution of earnings, capital income, and net worth in combination with an OLG model of household heterogeneity.
B. Kaymak, David Leung, Markus Poschke
semanticscholar +1 more source
The Effects of Biased Labor Market Expectations on Consumption, Wealth Inequality, and Welfare
Social Science Research NetworkWe analyze US survey data and document a substantial optimistic bias of households in their expectations about future labor market transitions. We find that low-skilled individuals tend to be strongly overoptimistic, whereas high-skilled individuals have
Almut Balleer +3 more
semanticscholar +1 more source
Five Facts About the Distributional Income Effects of Monetary Policy
Social Science Research Network, 2022 We document five facts about the distributional income effects of monetary policy shocks using Swedish administrative individual-level data. (i) The effects of monetary policy shocks are U shaped over the income distribution—that is, expansionary shocks ...
Niklas Amberg +3 more
semanticscholar +1 more source