2,591 Results Found

We study wealth rank correlations in a simple model of macroeconomy. To quantify rank correlations between wealth rankings at different times, we use Kendall’s τ and Spearman’s ρ, Goodman–Kruskal’s γ, and the lists’ overlap ratio. We show that the dy...

Based on the seminal paper of Case, Quigley, and Shiller (2013), we investigated the effects of financial and housing wealth on consumption. Using quarterly data from 1975 to 2016 for all states of the U.S. economy, and a different methodology in mea...

We evaluate the association between the variations in income and wealth, (both aggregate and split between real estate and financial wealth), and self-perceived health in Spain using a longitudinal sample of individuals before and after the financial...

The research goal is to determine whether platinum can be seen as a good investment. For this purpose, content analysis of documents and deep learning neural networks with recurrent neural network were used. The results show that it pays for a koruna...

Global wealth is distributed highly unequally, and this issue has worsened in recent years. Such inequality threatens human well-being and fundamental values. In response, this paper aims to explore the wealth inequality phenomenon from the perspecti...

In South Africa, high levels of wealth inequality have persisted since 1994, to the extent that 1% of the population owns 50% of the wealth. This study examines how macroeconomic policies influenced wealth inequality in South Africa over the period 2...

Alongside the economic system reforms and the rapid development of the Chinese economy, wealth gap in China is widening, gradually evolving into an important issue that threatens the sustainable development of China. To comprehensively understand the...

Increasing wealth inequality is a significant global issue that demands attention. While the distribution of wealth varies across countries based on their economic stages, there is a universal trend observed in the distribution function. Typically, r...

While entropy was introduced in the second half of the 19th century in the international vocabulary as a scientific term, in the 20th century it became common in colloquial use. Popular imagination has loaded “entropy” with almost every negative qual...

National-level studies present the development techniques and challenges of sustaining energy-rich economies, particularly those in the developing world. However, examples of the application and interpolation of these broad-scale analyses to the regi...

This essay compares key essays on Buddhism by B.R. Ambedkar and Jürgen Habermas vis-à-vis the issue of Buddhism, wealth, and privilege, and the respective statements again to what the Buddha taught, from a Theravada perspective. In doing...

A mathematical model is established to investigate the economic effects of infectious diseases. The distribution of wealth among two types of agents in the context of the epidemic is discussed. Using the method of statistical mechanics, the evolution...

We study mechanisms leading to wealth condensation. As a natural starting point, our model adopts a neoclassical point of view, i.e., we completely ignore work, production, and productive relations, and focus only on bilateral link between two random...

The study primarily explores the linkage between wealth effects, arising from stock and housing market channels, and household final consumption for 11 advanced countries over the period from 1970 Q1 to 2015 Q4. As a modelling strategy, we employ reg...

In light of the substantial rise in economic inequality in recent decades across the majority of economies, the relationship between inequality and economic growth has garnered significant attention. However, the specific impact of wealth inequality...

The spread of the COVID-19 pandemic has highlighted the close link between economics and health in the context of emergency management. A widespread vaccination campaign is considered the main tool to contain the economic consequences. This paper wil...

Scientometric studies have become very important within the scientific environment in general, and in the family firm area in particular. This study aims at conducting a bibliometric analysis of socioemotional wealth within family firms. To this end,...

Dynamics of human populations can be affected by various socio-economic factors through their influence on the natality and mortality rates, and on the migration intensity and directions. In this work we study an economic–demographic model which take...

As China has experienced rapid economic growth, the study of household wealth distribution has become a pressing issue. This paper uses data from the 2012–2018 China Family Panel Studies (CFPS) to examine the impact of demographic factors and u...

We investigate for the presence of multi-horizon wealth effects across U.S. states over the period of 1975:Q2 to 2012:Q2 by utilizing multi-horizon non-causality testing and multi-horizon causality measurement. At the state/aggregate level, we docume...

The paper reviews the “κ-generalized distribution”, a statistical model for the analysis of income data. Basic analytical properties, interrelationships with other distributions, and standard measures of inequality such as the Gini...

In an exchange economy with endowment inequality, we investigate how preferences with external habits affect the equity risk premium. We show that the dynamics of external additive habits with wealth inequality are complex when a background risk is p...

This paper traces US national wealth from 1914 through 2015 and constructs a multivariate econometric model that combines elements of short-term and long-term dynamics. We find that US wealth depends on a range of macroeconomic variables, including t...

In this paper, we present a newly generated data set on real returns of households’ aggregated asset holdings, which adds additional and more sophisticated information to existing relevant datasets in the literature. To do this, we draw on various da...

This paper investigates the shareholder wealth impact of government investment in listed companies (and by extension, government subsidisation of those companies), using data from Malaysia. We distinguish two overlapping categories of government-rela...

With the rapid development of digital technology in China, Digital Inclusive Finance, which uses digital financial services to promote financial inclusion, is developing rapidly. This paper uses the Peking University Digital Financial Inclusion index...

Starting with the debate on the “resource curse”, the main aim of this paper is to evaluate the impact of natural resource rents on income/wealth inequality in the European Union (EU) during the period from 1990 to 2023. Excepting the Gin...

This study examines the relationship between CEO options compensation and corporate social responsibility (CSR) based on the behavioral agency model (BAM). The BAM assumes that the CEO is bounded by loss-aversion behavior. Using constructs from the B...

Parents’ education and household wealth cannot be presumed to operate independently of each other. However, in traditional studies on the impact of social inequality on obesity, education and financial wealth tend to be viewed as separable proc...

A kinetic exchange model is developed to investigate wealth distribution in a market. The model incorporates a value function that captures the agents’ psychological traits, governing their wealth allocation based on behavioral responses to per...

COVID-19 has led people to question numerous aspects of life, including family budgetary arrangements and wealth management. The COVID-19 pandemic has thrown many of us a financial curveball. Managing personal finances is important, particularly duri...

A low birthweight is a common complication that can result from numerous physiological, environmental, and socioeconomic factors, and can put babies at an increased risk for health issues such as breathing difficulties, developmental delays, and even...

In the study described herein, we investigated and explored the association between wealth inequality and the risk of mental disability in the Chinese population. We used nationally represented, population-based data from the second China National S...

This study presents a scientometric analysis of the interrelationship between socioemotional wealth, innovation, and family businesses, based on 298 articles published between 1975 and 2022. Grounded in the theory of socioemotional wealth, it investi...

The aim of this work is to simulate a market behavior in order to study the evolution of wealth distribution. The numerical simulations are carried out on a simple economical model with a finite number of economic agents, which are able to exchange g...

This article examines factors associated with wealth-based inequalities in higher education attendance at the national level. We draw on data from 99 countries to calculate two distinct country-level indicators for the extent of wealth-based inequali...

In this research, we used Spanish wealth distribution microdata for the period 2015–2020 to provide a general framework for comparing different models and explaining different empirical datasets related to wealth distribution. We present a methodolog...

We investigate masked financial instability caused by wealth inequality. When an economic sector is decomposed into two subsectors that possess a severe wealth inequality, the sector in entirety can look financially stable while the two subsectors po...

Based on the data from the 2012–2018 China Family Panel Survey, this study examines the impact of household wealth on individuals’ mental health using a two-way fixed effects model. The findings indicate that household wealth exerts a sig...

For most studies that have been carried out, a country’s level of income and aggregate wealth go a long way in shaping the overall welfare of citizens therein. This study seeks to investigate the relationship between wealth status and education...

In view of some recent reports on global wealth inequality, where a small number (often a handful) of people own more wealth than 50% of the world’s population, we explored if kinetic exchange models of markets could ever capture features where...

This paper deals with the modeling of wealth distribution considering a society with non-constant population and non-conservative wealth trades. The modeling approach is based on the kinetic theory of active particles, where individuals are distingui...

As part of the 2030 maternal and child health targets, Ethiopia strives for universal and equitable use of health services. We aimed to examine the association between household wealth, maternal education, and the interplay between these in utilizati...

The “Waitrose effect” captures the notion that the presence of stores operated by Waitrose, an upmarket UK grocer, increases the value of nearby real estate. This paper considers the broader relationship between Waitrose store locations a...

Housing wealth among urban residents has been a hotspot issue, but there is a dearth of literature focusing on rural housing wealth. Using housing registration data in Shanghai, this study examines the status and accumulation of rural housing wealth...

The rural wealth-leader is one of the 10 projects of targeted poverty alleviation in the period of poverty alleviation. As the “leading wild goose” in rural areas, the personal characteristics of the rural wealth-leader directly affect th...

In its long-term vision for tourism development (2017–2036), Thailand has chosen to focus on the development of quality tourism, which is supposed to enable sustainable tourism development and a more inclusive sharing of tourism-generated reven...

In our recently proposed stochastic version of discretized kinetic theory, the exchange of wealth in a society is modelled through a large system of Langevin equations. The deterministic part of the equations is based on non-linear transition probabi...

This study aims to investigate the effect of mergers and acquisitions (M&A) on shareholders’ wealth. Additionally, this study investigates the impact of the economic crisis during 2007–2008 on the shareholders’ perceptions of ga...

Background: There is an abundance of studies explaining the separate impact of female employment and household wealth status in reducing malnutrition. However, our study has unraveled the combined impact of maternal employment and household wealth on...