Search results for "Wealth inequality"

showing 3 items of 3 documents

The effects of monetary policy on income and wealth inequality in the U.S. Exploring different channels

2020

We assess the effects of monetary policy shocks on income and wealth inequality through direct inequality measures and by analyzing several transmission channels explored in recent literature. Furthermore, we analyze two additional channels: the Housing and the Fiscal channels. The methodology adopted is a Bayesian proxy SVAR using a high-frequency identification based on the external instruments approach. Our own policy shocks are constructed for this purpose. The results show that an expansionary monetary policy shock does not have a significant effect on income inequality due to the existence of opposite channels, whereas it increases wealth inequality mainly through the portfolio channe…

Economics and EconometricsTransmission channelFundamentos del Análisis EconómicoInequalitymedia_common.quotation_subject05 social sciencesMonetary policyIncome and wealth inequality0211 other engineering and technologies02 engineering and technologyMonetary economicsHigh-frequency identificationMonetary policyEconomic inequalityProxy SVAR0502 economics and businessEconomicsPortfolio021108 energy050207 economicsmedia_commonCommunication channelBVAR
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National-Level Wealth Inequality and Socioeconomic Inequality in Adolescent Mental Well-Being: A Time Series Analysis of 17 Countries

2020

Purpose: Although previous research has established a positive association between national income inequality and socioeconomic inequalities in adolescent health, very little is known about the extent to which national-level wealth inequalities (i.e., accumulated financial resources) are associated with these inequalities in health. Therefore, this study examined the association between national wealth inequality and income inequality and socioeconomic inequality in adolescents' mental well-being at the aggregated level. Methods: Data were from 17 countries participating in three consecutive waves (2010, 2014, and 2018) of the cross-sectional Health Behaviour in School-aged Children study. …

Health BehaviorPoison controlAdolescent healthHEALTH COMPLAINTSPediatricshenkinen hyvinvointi0302 clinical medicinenuoretEconomic inequalityCHILDMedicine and Health Sciences030212 general & internal medicineChildmedia_commonHBSCSocioeconomic inequalityPerinatologyand Child HealthPsychiatry and Mental healthMental HealtheriarvoisuusIncomePediatrics Perinatology and Child Health Public Health Environmental and Occupational Health Psychiatry and Mental health Wealth inequality Income inequality Socioeconomic inequality Mental well-being Adolescent health HBSC HEALTH COMPLAINTS INCOME INEQUALITY CHILD BEHAVIORPublic HealthPsychologyBEHAVIORAdolescent healthInequalityAdolescentMental well-beingmedia_common.quotation_subjectMeasures of national income and outputWealth inequality03 medical and health sciencesvertaileva tutkimus030225 pediatricstuloerotHumansPediatrics Perinatology and Child HealthIncome inequalitySocioeconomic statussosioekonomiset tekijätEnvironmental and Occupational HealthPublic Health Environmental and Occupational HealthHealth Status Disparitiesaikasarja-analyysiCross-Sectional StudiesSocial ClassSocioeconomic FactorsPediatrics Perinatology and Child HealthNational wealthDemographic economicsterveyserotRedistribution of income and wealthJournal of Adolescent Health
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Monetary policy and the redistribution of net worth in the U.S

2021

The view that expansionary monetary policy can exacerbate both income and wealth inequality by increasing asset prices has become increasingly popular. The aim of this paper is to study the distributive effects of monetary policy on wealth inequality. In the first part of this research, we develop a simple framework based on accounting identity to examine the redistributive repercussions of changes in monetary policy on net worth through different channels. Based on this framework, in the second part of the paper, we show empirical evidence concerning the effects of monetary policy on wealth inequality in the US. To derive this, we combined macro and micro data, and proceeded in two steps. …

InequalityGini coefficientmedia_common.quotation_subjectproxy SVAR05 social sciencesMonetary policyNet worthmonetary policyMonetary economicshousehold surveUNESCO::CIENCIAS ECONOMICAS0506 political scienceAccounting identityMicrodata (HTML)Debt0502 economics and business050602 political science & public administrationEconomicsNational wealth050207 economicsBusiness and International Managementwealth inequalityGeneral Economics Econometrics and Financemedia_commonJournal of Economic Policy Reform
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