The allocation of UK personal sector wealth across five broad asset categories (net financial wealth, housing (and durable assets) wealth, state pension wealth, private pension wealth, and human capital) is investigated using the FAIDS (financial AIDS) model. Apart from total wealth and returns, additional variables relating to capital market imperfections, and demographic, labour market and cr...

Case, Quigley and Shiller (2005, 2013) quantified stock versus housing wealth effects on quarterly state-level retail sales, which they interpret as an approximate measure of household consumption spending. We investigate the variation of these wealth effects with the persistence of each kind of wealth fluctuation in an estimated linear dynamic fixed-effects model, allowing for both cointegrati...

In recent years, progressive public intellectuals and prominent scholars have asserted that monopoly power lies at the root of wealth inequality and that increases in antitrust enforcement are necessary to stem its rising tide. This claim is misguided. Exercises of market power have complex, crosscutting effects that undermine the generality of the monopoly regressivity claim. Contrary to what ...

The household's decision to invest in a home is complicated by the fact that owner-occupied housing plays a dual role as both a physical good generating housing services, and as a component of the wealth portfolio. For many homeowners, housing represents both the largest single element of the monthly expenditure, and the most important asset in the wealth portfolio. Given the availability of re...

Growing concerns over climate change and the potential for large damages due to non-linear processes underscore the need for meaningful sustainability assessment of an economy. Economists have developed rigorous approaches to conceptualizing sustainability based on the paradigm of weak sustainability, which assumes infinite substitution between manufactured and natural capital stocks. In contra...

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In the modern society and specially in our country discussion of poverty, wealth and social justice are the most important arguments of public and private circles. The most important graphical tools which are used to describe the quantity of centralization like wealth in a society is Lorenz curve. In these situations, most of econometricians measure the economic inequalities. In the discrete ca...