Wealth Inequality and Private Savings: The Case of Germany

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513546066
Total Pages : 32 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Wealth Inequality and Private Savings: The Case of Germany by : Mai Dao

Download or read book Wealth Inequality and Private Savings: The Case of Germany written by Mai Dao and published by International Monetary Fund. This book was released on 2020-06-26 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the interaction between corporate ownership concentration and private savings, and by extension, the current account balance in Germany. As high corporate savings largely reflected capital income accruing to wealthy households and increasingly retained in closely-held firms, the buildup of external imbalances in Germany has been accompanied by widening top income inequality, rising private savings and compressed consumption rates. Rising corporate profits in an environment of high business wealth concentration account for 90 percent of the rise in the private savings rate and a third of the increase in the German current account surplus over 1999–2016.

Germany

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498324649
Total Pages : 49 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Germany by : International Monetary Fund. European Dept.

Download or read book Germany written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-07-10 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues

Preparing for an Aging World

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Publisher : National Academies Press
ISBN 13 : 0309074215
Total Pages : 327 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Preparing for an Aging World by : National Research Council

Download or read book Preparing for an Aging World written by National Research Council and published by National Academies Press. This book was released on 2001-07-26 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Aging is a process that encompasses virtually all aspects of life. Because the speed of population aging is accelerating, and because the data needed to study the aging process are complex and expensive to obtain, it is imperative that countries coordinate their research efforts to reap the most benefits from this important information. Preparing for an Aging World looks at the behavioral and socioeconomic aspects of aging, and focuses on work, retirement, and pensions; wealth and savings behavior; health and disability; intergenerational transfers; and concepts of well-being. It makes recommendations for a collection of new, cross-national data on aging populationsâ€"data that will allow nations to develop policies and programs for addressing the major shifts in population age structure now occurring. These efforts, if made internationally, would advance our understanding of the aging process around the world.

World Inequality Report 2018

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Author :
Publisher : Belknap Press
ISBN 13 : 0674984552
Total Pages : 345 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis World Inequality Report 2018 by : Facundo Alvaredo

Download or read book World Inequality Report 2018 written by Facundo Alvaredo and published by Belknap Press. This book was released on 2018 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Inequality Report 2018 is the most authoritative and up-to-date account of global trends in inequality. Researched, compiled, and written by a team of the world's leading economists of inequality, it presents--with unrivaled clarity and depth--information and analysis that will be vital to policy makers and scholars everywhere. Inequality has taken center stage in public debate as the wealthiest people in most parts of the world have seen their share of the economy soar relative to that of others, many of whom, especially in the West, have experienced stagnation. The resulting political and social pressures have posed harsh new challenges for governments and created a pressing demand for reliable data. The World Inequality Lab at the Paris School of Economics and the University of California, Berkeley, has answered this call by coordinating research into the latest trends in the accumulation and distribution of income and wealth on every continent. This inaugural report analyzes the Lab's findings, which include data from major countries where information has traditionally been difficult to acquire, such as China, India, and Brazil. Among nations, inequality has been decreasing as traditionally poor countries' economies have caught up with the West. The report shows, however, that inequality has been steadily deepening within almost every nation, though national trajectories vary, suggesting the importance of institutional and policy frameworks in shaping inequality. World Inequality Report 2018 will be a key document for anyone concerned about one of the most imperative and contentious subjects in contemporary politics and economics.

Social Dynamics in Swiss Society

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Publisher : Springer
ISBN 13 : 3319895575
Total Pages : 253 pages
Book Rating : 4.3/5 (198 download)

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Book Synopsis Social Dynamics in Swiss Society by : Robin Tillmann

Download or read book Social Dynamics in Swiss Society written by Robin Tillmann and published by Springer. This book was released on 2018-06-13 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using longitudinal data from the Swiss Household Panel to zoom in on continuity and change in the life course, this open access book describes how the lives of the Swiss population have changed in terms of health, family circumstances, work, political participation, and migration over the last sixteen years. What are the different trajectories in terms of mobility, health, wealth, and family constellations? What are the drivers behind all these changes over time and in the life course? And what are the implications for inequality in society and for social policy? The Swiss Household Panel is a unique ongoing longitudinal survey that has followed a large sample of Swiss households since 1999. The data provide the rare opportunity to go beyond a snapshot of contemporary Swiss society and give insight into the processes in people’s lives and in society that lie behind recent developments.

Denmark: Selected Issues

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Denmark: Selected Issues by : International Monetary

Download or read book Denmark: Selected Issues written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-16 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Denmark: Selected Issues

Income Inequality and Current Account Imbalances

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Publisher : International Monetary Fund
ISBN 13 : 1463936397
Total Pages : 44 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis Income Inequality and Current Account Imbalances by : Mr.Michael Kumhof

Download or read book Income Inequality and Current Account Imbalances written by Mr.Michael Kumhof and published by International Monetary Fund. This book was released on 2012-01-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the empirical and theoretical link between increases in income inequality and increases in current account deficits. Cross-sectional econometric evidence shows that higher top income shares, and also financial liberalization, which is a common policy response to increases in income inequality, are associated with substantially larger external deficits. To study this mechanism we develop a DSGE model that features workers whose income share declines at the expense of investors. Loans to workers from domestic and foreign investors support aggregate demand and result in current account deficits. Financial liberalization helps workers smooth consumption, but at the cost of higher household debt and larger current account deficits. In emerging markets, workers cannot borrow from investors, who instead deploy their surplus funds abroad, leading to current account surpluses instead of deficits.

Germany

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498324630
Total Pages : 49 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Germany by : International Monetary Fund. European Dept.

Download or read book Germany written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-07-10 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper explores wealth inequality and private savings in Germany. Trends in increasing corporate profits and gross savings have widened top income inequality, as corporations are typically owned by households in the top of the wealth distribution. The impact on income inequality is more pronounced in countries where the rise in profitability was a result of lower wage growth and labor income shares to start with, as was the case in Germany. The evidence strongly suggests this is not the case and underscores the important role of German business wealth concentration in this context. As high corporate savings and underlying profits largely reflect capital income accruing to wealthy households and increasingly retained in closely-held firms, the build-up of external imbalance has been accompanied by widening top income inequality, rising private savings and compressed consumption rates. The concentration of privately held and publicly listed firm ownership in the hands of industrial dynasties and institutional investors is especially prevalent in Germany, possibly reflecting distortions in firm entry, financing conditions and tax incentives.

Causes and Consequences of Income Inequality

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513547437
Total Pages : 33 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Causes and Consequences of Income Inequality by : Ms. Era Dabla-Norris

Download or read book Causes and Consequences of Income Inequality written by Ms. Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-06-15 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.

The Returns to Power

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Publisher : Oxford University Press
ISBN 13 : 0197685951
Total Pages : 433 pages
Book Rating : 4.1/5 (976 download)

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Book Synopsis The Returns to Power by : Thomas F. Remington

Download or read book The Returns to Power written by Thomas F. Remington and published by Oxford University Press. This book was released on 2023 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: An unconventional perspective on contemporary economic inequality in America and its dangers for democracy, using comparisons with Russia, China and Germany. Since the economic liberalization wave that began in the late 1970s, inequality around the world has skyrocketed. In The Returns to Power, Thomas F. Remington examines the rise of extreme economic inequality in the United States since the late 1970s by drawing comparisons to the effects of market reforms in transition countries such as Russia, China, and Germany. Employing an unconventional comparative framework, he brings together the latest scholarship in economics and political science and draws on Russian, Chinese, and German-language sources. As he shows, the US embraced deregulation and market-based solutions around the same time that China and Russia implemented major privatization and liberalization reforms. The long-term result was increasing inequality in all three nations. To illustrate why, Remington contrasts the effects of these policies with the postwar economic recovery program in Germany, which succeeded in protecting market competition within the framework of a social market economy that provides widely shared prosperity, high growth, and robust democracy. The book concludes with an analysis of the political dangers posed by high inequality and calls for a new public philosophy of liberal capitalism and liberal democracy that would restore political equality and inclusive growth by strengthening political and market competition, expanding the provision of public goods, and broadening social insurance protection. An ambitious account of why political and economic inequality has increased so much in recent times, The Returns to Power's emphasis on policy variation across democracies also reminds us that it did not have to turn out this way.

World Inequality Report 2022

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Publisher : Harvard University Press
ISBN 13 : 0674273567
Total Pages : 267 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis World Inequality Report 2022 by : Lucas Chancel

Download or read book World Inequality Report 2022 written by Lucas Chancel and published by Harvard University Press. This book was released on 2022-11 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Inequality Report 2022 is the most authoritative and comprehensive account of global trends in inequality, providing cutting-edge information about income and wealth inequality and also pioneering data about the history of inequality, gender inequality, environmental inequalities, and trends in international tax reform and redistribution.

Fiscal Policy and Income Inequality

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498343678
Total Pages : 69 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fiscal Policy and Income Inequality by : International Monetary Fund

Download or read book Fiscal Policy and Income Inequality written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-07-03 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Rising Inequality in China

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Publisher : Cambridge University Press
ISBN 13 : 1107002915
Total Pages : 531 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Rising Inequality in China by : Shi Li

Download or read book Rising Inequality in China written by Shi Li and published by Cambridge University Press. This book was released on 2013-10-31 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the evolution of economic inequality in China from 2002 to 2007; a sequel to Inequality and Public Policy in China (2008).

Social Prescribing Policy, Research and Practice

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Publisher : Springer Nature
ISBN 13 : 3031521064
Total Pages : 194 pages
Book Rating : 4.0/5 (315 download)

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Book Synopsis Social Prescribing Policy, Research and Practice by : Marcello Bertotti

Download or read book Social Prescribing Policy, Research and Practice written by Marcello Bertotti and published by Springer Nature. This book was released on with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Income Distribution in Macroeconomic Models

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Publisher : Princeton University Press
ISBN 13 : 1400865093
Total Pages : 440 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Income Distribution in Macroeconomic Models by : Giuseppe Bertola

Download or read book Income Distribution in Macroeconomic Models written by Giuseppe Bertola and published by Princeton University Press. This book was released on 2014-09-28 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the distribution of income and wealth and the effects that this has on the macroeconomy, and vice versa. Is a more equal distribution of income beneficial or harmful for macroeconomic growth, and how does the distribution of wealth evolve in a market economy? Taking stock of results and methods developed in the context of the 1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous, optimization-based technical tools can be applied, beyond the representative-agent framework of analysis, to account for realistic market imperfections and for political-economic interactions. The treatment is thorough, yet accessible to students and nonspecialist economists, and it offers specialist readers a wide-ranging and innovative treatment of an increasingly important research field. The book follows a single analytical thread through a series of different growth models, allowing readers to appreciate their structure and crucial assumptions. This is particularly useful at a time when the literature on income distribution and growth has developed quickly and in several different directions, becoming difficult to overview.

Japan’s Foreign Assets and Liabilities: Implications for the External Accounts

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513568272
Total Pages : 40 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Japan’s Foreign Assets and Liabilities: Implications for the External Accounts by : Mariana Colacelli

Download or read book Japan’s Foreign Assets and Liabilities: Implications for the External Accounts written by Mariana Colacelli and published by International Monetary Fund. This book was released on 2021-02-05 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The composition of Japan’s current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Japan’s income balance with peer countries highlights: (i) relatively high yields on FDI assets, and (ii) very low FDI liabilities in Japan. Panel estimation is used to derive separate exchange rate elasticities for income credit and debit, with novel accounting that disentangles the mechanical from the economic response to exchange rate fluctuations. Despite the changing composition of Japan’s current account balance, its response to exchange rate movements still operates mostly through the traditional trade channel, with a small but reinforcing contribution from the income balance.

Inequality, Leverage and Crises

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484310764
Total Pages : 48 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Inequality, Leverage and Crises by : Mr.Michael Kumhof

Download or read book Inequality, Leverage and Crises written by Mr.Michael Kumhof and published by International Monetary Fund. This book was released on 2013-12-17 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper studies how high household leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a large increase in debt leverage of the remainder, and an eventual financial and real crisis. The paper presents a theoretical model where higher leverage and crises arise endogenously in response to a growing income share of high-income households. The model matches the profiles of the income distribution, the debt-to-income ratio and crisis risk for the three decades prior to the Great Recession.