Article: A Note on the Global Income Distribution Curve ('The Elephant').
Nonlinear dynamics, psychology, and life sciences
2024 Volume 28, Issue 2, Page(s) 289–300
Abstract: In this work, our objective is to explain the decline in the income share of the middle class and the increase in the share of the wealthy - a global empirical phenomenon, commonly referred to as 'The Elephant' (Lakner & Milanovic, 2013; Milanovic, 2016) ...
Abstract | In this work, our objective is to explain the decline in the income share of the middle class and the increase in the share of the wealthy - a global empirical phenomenon, commonly referred to as 'The Elephant' (Lakner & Milanovic, 2013; Milanovic, 2016) - by examining the different life-cycle income paths of heterogeneous income classes and the varying tax burden on labor and capital income. The model investigates the diverse life-cycle paths and their nonlinear behavior among the income classes under scrutiny. This approach enables us to dynamically analyze the divergence in the income distribution using one of the more important models in economics: The life-cycle and permanent-income framework. |
---|---|
Language | English |
Publishing date | 2024-03-20 |
Publishing country | United States |
Document type | Journal Article |
ZDB-ID | 2004049-0 |
ISSN | 1573-6652 ; 1090-0578 |
ISSN (online) | 1573-6652 |
ISSN | 1090-0578 |
Database | MEDical Literature Analysis and Retrieval System OnLINE |
More links
Kategorien
In stock of ZB MED Cologne/Königswinter
Zs.A 6494: Show issues | Location: Je nach Verfügbarkeit (siehe Angabe bei Bestand) bis Jg. 2021: Bestellungen von Artikeln über das Online-Bestellformular ab Jg. 2022: Lesesaal (EG) |
Order via subito
This service is chargeable due to the Delivery terms set by subito. Orders including an article and supplementary material will be classified as separate orders. In these cases, fees will be demanded for each order.