scholarly journals Wealth Concentration, Income Distribution, and Alternatives for the USA

2015 ◽  
Author(s):  
Lance Taylor ◽  
Ozlem Omer ◽  
Armon Rezai
Keyword(s):  
Income Distribution ◽  
Wealth Concentration ◽  
The Usa

scholarly journals Misperceptions of income distributions: cross-country evidence from a randomized survey experiment

2020 ◽  
Author(s):  
Elisabeth Bublitz
Keyword(s):  
Income Distribution ◽  
Imperfect Information ◽  
Survey Experiment ◽  
Significant Treatment ◽  
Income Distributions ◽  
Position Bias ◽  
Preferences For Redistribution ◽  
The Usa ◽  
Cross Country ◽  
Information Treatment

Abstract Can imperfect information, as revealed in individual misperceptions about income distributions, explain the demand for redistribution? I conduct a representative survey experiment in Brazil, France, Germany, Russia, Spain and the USA, providing a personalized information treatment on income distribution to a randomly chosen subsample. Most respondents misperceive their own position in the income distribution. These biases differ notably by country and the true income position. Correcting misperceptions slightly shifts the demand towards less redistribution in Germany and Russia. This shift appears to be driven by respondents with a negative position bias. The lack of significant treatment effects in other countries may result from different individual reactions that cancel each other out. Thus, the existence of systematic misperceptions underscores their importance for understanding preferences for redistribution.

Military Expenditures and Income Inequality

2018 ◽  
pp. 192-210
Author(s):  
Buhari Doğan ◽  
Muhlis Can ◽  
Osman Değer
Keyword(s):  
Income Inequality ◽  
Income Distribution ◽  
Unit Root ◽  
Cointegration Analysis ◽  
Kuznets Curve ◽  
Factors Affecting ◽  
The Usa ◽  
Military Expenditures ◽  
The Military ◽  
The Impact

Regardless of their level of developments, the income distribution problem is one of the most important economic and social problems the countries face. In recent years, scholars have performed multiple studies to determine the factors affecting income distribution. The purpose of this chapter is to examine the impact of military expenditures on income inequality in a sample of North American countries (the USA, Canada, and Mexico), within the context of the Kuznets curve. The study covers between 1995-2013. In unit root Peseran approach, in cointegration analysis, Durbin-Hausmann approach were employed. The findings show that the coefficient of the military expenditures series is positive and the coefficient of square of the military expenditures is negative. This situation shows that military expenditures first increase and then reduce income inequality. Findings indicate that there is an inverse “U” relationship between military expenditures and income inequality. Moreover, it has been detected that as economic growth increases income inequality decreases.

scholarly journals The Role of Credit on the Evolution of Wealth Inequality in the USA

2020 ◽  
Author(s):  
Rodolfo Oviedo Moguel
Keyword(s):  
Wealth Inequality ◽  
Household Wealth ◽  
Borrowing Constraints ◽  
Saving Rate ◽  
Heterogeneous Agent ◽  
Agent Model ◽  
Labor Earnings ◽  
Wealth Concentration ◽  
The Usa

In the USA, the share of household wealth held by the richest 1% increased from 23.5% in 1980 to 41.8% in 2012. This paper contributes to understanding the causes behind this increase. First, using an accounting decomposition, I show that more than half of the increase in the share of the top 1% can be attributed to a decrease in the saving rate of the bottom 99%. Second, using a heterogeneous agent model, I show that the decrease in the saving rate of the bottom groups cannot be rationalized by the reduction in the progressively of taxation or changes in the volatility and concentration of labor earnings. Lastly, I introduce a shock to the credit market into the model in the form of loosening the borrowing constraints of the economy. This shock can simultaneously match the increase in wealth concentration and the decrease of the saving rate of the economy.

Race, gender and the econophysics of income distribution in the USA

2014 ◽  
Vol 415 ◽  
pp. 54-60 ◽  
Author(s):  
Anwar Shaikh ◽  
Nikolaos Papanikolaou ◽  
Noe Wiener
Keyword(s):  
Income Distribution ◽  
The Usa
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