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  • Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated and valuations of financial assets follow international patterns, which has resulted partially large increases in financial wealth over the past 25 years. This has not led to an equally large increase in property income because the rates of return have decreased during the same era. Moreover, changes in the functional income distribution (capital/labour shares) have not been transmitted fully to the distribution of primary income between households, because other institutional sectors – particularly, the government sector – hold considerable amounts of financial assets. At least in the short term, the decrease in rates of return seem to contradict claims that due to increase of financial as well as inherited wealth, we are entering into an era of increasing income inequality. (xsd:string)
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  • 2021 (xsd:gyear)
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  • Is the Financial Market Driving Income Distribution? – An Analysis of the Linkage between Income and Wealth in Europe (xsd:string)
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  • 36th IARIW Virtual General Conference. Globalization and Inequality I (xsd:string)
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  • In 36th IARIW Virtual General Conference. Globalization and Inequality I, 1-25, 2021 (xsd:string)
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  • European Union Statistics on Income and Living Conditions (EU-SILC) (xsd:string)
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