Total wealth transferred by size of the donor's estate, 2018

2021 ◽  
Keyword(s):  
Total Wealth

scholarly journals Impact of Demerger on Shareholders’ Wealth

2009 ◽  
Vol 1 (1) ◽  
Author(s):  
Ranjit SINGH ◽  
Amalesh BHOWAL ◽  
Varun BAWARI
Keyword(s):  
Value Creation ◽  
Stock Exchange ◽  
Specific Character ◽  
Average Price ◽  
Share Prices ◽  
The Subject ◽  
Time Specific ◽  
Almost All ◽  
Total Wealth

Purpose – The purpose of this paper is to investigate the change in the level of the wealth of the shareholders’ before the demerger and after the demerger.Design/methodology/approach – In the present study the data relating to share prices has been taken from the official website of Bombay Stock Exchange. Here the average of the six months price of the demerged company before demerger and average six months price or the average price upto 31st of July, 2007 has been collected of demerged and resultant company after demerger. Findings – It is found that after demerger there is increase in the total wealth of the shareholders in almost all the cases.Research limitations/implications – Given the nature of this study, generalizations cannot be made as the study is conducted in a bullish market. The time specific character of the subject matter is an opportunity for future longitudinal research.Practical implications – Presently de-mergers are creating enormous wealth for shareholders. It is because of the negative synergy. Due to the demerger this negative synergy is removed and the value is unlocked. However, Investors should differentiate between genuine attempts at value creation and de-mergers undertaken to create hype around the stocks. Stay away from dubious companies that want to manipulate prices. Investors should focus on the quality of management and corporate governance record of the companyOriginality/value – The study is the first of its kind and hence original in nature.Article Type: Research paperKeyword(s): Demerger, Demerged Company, Resultant Company, Negative Synergy, Shareholders Wealth.

Layers of Inequality: Unequal Opportunities and Skin Color in Mexico

2021 ◽  
pp. 003464462110441
Author(s):  
Luis Monroy-Gómez-Franco ◽  
Roberto Vélez-Grajales ◽  
Gastón Yalonetzky
Keyword(s):  
Skin Color ◽  
Wealth Inequality ◽  
Skin Tone ◽  
Inequality Of Opportunity ◽  
Age Cohort ◽  
Parental Wealth ◽  
Unequal Opportunities ◽  
Total Inequality ◽  
Total Wealth ◽  
A Share

We document the contribution of skin color toward quantifying inequality of opportunity over a proxy indicator of wealth. Our Ferreira–Gignoux estimates of inequality of opportunity as a share of total wealth inequality show that once parental wealth is included as a circumstance variable, the share of inequality of opportunity rises above 40%, overall and for every age cohort. By contrast, the contribution of skin tone to total inequality of opportunity remains minor throughout.

scholarly journals Distributive Justice, Public Policies and the Comparison of Legal Rules: Quantify the “Price of Equity”

2017 ◽  
Vol 14 (3) ◽  
Author(s):  
Marco Fabbri ◽  
Diogo GC Britto
Keyword(s):  
Social Welfare ◽  
Social Welfare Function ◽  
Social Preferences ◽  
Public Policies ◽  
Quantitative Approach ◽  
Legal Rules ◽  
Aggregation Methods ◽  
Equity And Efficiency ◽  
Special Circumstances ◽  
Total Wealth

Abstract This paper proposes a quantitative approach to study two methodological problems arising when a costly redistribution of resources is implemented through public policies or legal rules: (a) aggregating individual into social preferences and (b) choosing the object of maximization. We consider a redistribution intervention that reduces inequality but diminishes total wealth and we specify a set of social welfare functions combining different preferences aggregation methods and maximands. For each social welfare function, we calculate its “price of equity”, defined as the maximum fraction of total wealth that a society is willing to sacrifice in order to implement the redistribution. Comparing the prices for equity across different social welfare function specifications, we identify systematic relationships and we rank them according to the efficiency-equity orientation. Results show that social welfare functions characterized by aggregation methods conventionally considered equity-oriented may reject redistribution interventions that are evaluated as welfare-improving by social welfare functions using efficiency-oriented aggregation methods. Similarly, social welfare functions considered equity-oriented because using utility as object of maximization may reject distributive policies that are evaluated as welfare-improving by social welfare functions using wealth as maximand. We argue that the quantitative approach proposed, by expounding the trade-off between equity and efficiency connected to different social welfare functions, may prove useful in areas of public law where policy-makers have to engage in the choice of a normative criterion for the evaluation of social welfare. Additionally, our results may inform rule-makers interested in comparing the distributive effects of alternative legal rules in special circumstances where private remedies can efficiently achieve redistribution goals.

scholarly journals Financial and Total Wealth Inequality with Declining Interest Rates

2021 ◽  
Author(s):  
Daniel Greenwald ◽  
Matteo Leombroni ◽  
Hanno Lustig ◽  
Stijn Van Nieuwerburgh
Keyword(s):  
Interest Rates ◽  
Wealth Inequality ◽  
Total Wealth

scholarly journals Introduction to the Tafel v-bis Dataset: Death Duty Summary Information for The Netherlands, 1921

2020 ◽  
Vol 5 (1) ◽  
pp. 1-19
Author(s):  
A. de Vicq ◽  
R. Peeters
Keyword(s):  
The Netherlands ◽  
Marital Status ◽  
Source Material ◽  
Academic Disciplines ◽  
Time Of Death ◽  
Economic Information ◽  
Data Platform ◽  
Total Wealth

Abstract This article introduces a newly constructed dataset (i.e. the Tafel v-bis Dataset) containing summary information for all Dutch citizens who died in 1921 and were subject to inheritance taxation. This dataset provides personal and socio-economic information on 24,263 individuals, including their total wealth, age, profession, residence and marital status at their time of death. Consequently, this dataset can be useful for researchers stemming from various academic disciplines. The article first discusses the range of possible uses of the dataset. Then the authors explain how they constructed the dataset and provide the necessary criticism regarding the underlying source material. The dataset is available via the Utrecht University data platform, yoda.

Reflections on the New Pessimism

Worldview ◽  
1976 ◽  
Vol 19 (9) ◽  
pp. 18-21
Author(s):  
Christopher J. Hurn
Keyword(s):  
Middle Class ◽  
Lower Class ◽  
Underdeveloped Countries ◽  
The Sixties ◽  
Zero Sum ◽  
Industrial Societies ◽  
Total Wealth

About thirty years ago behavioral scientists introduced the idea of a “zero-sum” game. Poker, chess, and football—these were “zerosum” games. Winning the game implied that someone else lost; an advantage for one party was necessarily a disadvantage for another. At that time the “zero-sum” analogy was not applied to societies as a whole. If the middle class increased its wealth, this did not imply that the resources of the lower class were decreased. The success of Western industrial societies did not necessarily imply the poverty of underdeveloped countries. The total wealth of the planet could expand; the extension of rights to blacks and other minorities did not necessarily undermine the position of the majority. These were the guiding assumptions of liberals in the sixties.But today these assumptions are under attack. The metaphor of the “zero-sum” game is now thought to describe societies as a whole.

Total Wealth Allocation:Liquidity, Longevity, and Legacy

2015 ◽  
Vol 18 (3) ◽  
pp. 18-26
Author(s):  
Michael Crook ◽  
Matt Baredes
Keyword(s):  
Total Wealth

scholarly journals AN INVESTMENT STRATEGY IN PORTFOLIO SELECTION PROBLEM WITH BULLET TRANSACTION COST

2003 ◽  
Vol 2 (2) ◽  
pp. 1
Author(s):  
E. SYAHRIL
Keyword(s):  
Brownian Motion ◽  
Continuous Time ◽  
Decision Problem ◽  
Investment Decision ◽  
Investment Strategy ◽  
Transactions Costs ◽  
Time Control ◽  
The Individual ◽  
Riskless Asset ◽  
Total Wealth

This paper discusses an investment strategy for a con- sumption and investment decision problem for an individual who has available a riskless asset paying fixed interest rate and a risky asset driven by Brownian motion price fluctuations. The individual observes current wealth when making transactions, that transac- tions incur costs, and that decisions to transact can be made at any time based on all current information. The transactions costs is fixed for every transaction, regardless of amount transacted. In addition, the investor is charged a fixed fraction of total wealth as management fee. The investor’s objective is to maximize the expected utility of consumption over a given horizon. The prob- lem faced by the investor is formulated in a stochastic discrete- continuous-time control problem. An investment strategy is given for fixed transaction intervals.

scholarly journals Board changes and the efficiency of the Nigerian stock market

2007 ◽  
Vol 3 (2) ◽  
pp. 7-23
Author(s):  
Olatundun Adelegan
Keyword(s):  
Stock Market ◽  
Wealth Effect ◽  
Wealth Effects ◽  
Management Board ◽  
Total Wealth

This study provides some evidence on shareholders wealth effects of management board changes in Nigeria from 1997 to 2005. The study presents the total wealth effect and also distinguishes the wealth effects of announcements of new appointments, board resignations and retirements, death and mixed announcements.

scholarly journals Wealth Transfers and Net Wealth at Death: Evidence from the Italian Inheritance Tax Records 1995–2016

2021 ◽  
Author(s):  
Paolo Acciari ◽  
Salvatore Morelli
Keyword(s):  
Economic Inequality ◽  
National Income ◽  
International Standards ◽  
Tax Revenue ◽  
Working Paper ◽  
Inheritance Tax ◽  
Substantial Rise ◽  
Total Wealth ◽  
A Share

In this paper we describe a novel source of data on the full record of inheritance tax files in Italy, covering up to 63% of total deceased. The work documents a substantial rise in the total value of inheritance and gifts as a share of national income, from 8.4% in 1995 to 15.1% in 2016. Consistent with the increasing role of total personal net wealth in the economy, the weight of inheritance and gifts in Italy appears relatively high by international standards. Over the same period, total wealth left at death has also become increasingly concentrated. The estates valued at least €1 million were worth 18.7% of total estate in the mid 1990s and 24.8% in 2016. This paper also documents that revenues collected from the inheritance tax underwent a threefold decline from 0.15% to 0.05% of total tax revenue between 1995 and 2016. Data also allow a disaggregated analysis by demographic and geographic characteristics. Stone Center on Socio-Economic Inequality Working Paper)

Sign in / Sign up

Export Citation Format

Share Document