Population aging and wealth inequality

淡江大學機構典藏 > 商管學院 > 國際企業學系暨研究所 > 期刊論文 > Item 987654321/126711

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題名:	Population aging and wealth inequality
作者:	Hsieh, Joyce
關鍵詞:	Population aging;Top wealth share;Top income share
日期:	2023-08-14
上傳時間:	2025-03-06 15:30:21 (UTC+8)
摘要:	Much effort has been devoted to exploring the consequence of population aging on economic growth. Little attention is paid to its impact on income and wealth inequality. This is critical because inequality matters for the distribution of economic resources and social welfare and is interlinked to economic growth. To fill the void, this paper evaluates whether population aging affects inequality, with special emphasis on wealth inequality and nonlinearity. In a cross-country panel data setting, it finds that top wealth shares follow a U path, i.e., decrease and then increase, in the process of population aging. By contrast, the bottom wealth shares have an inverted-U pattern, i.e., rise and then fall, when a population ages. Similar results are reached for the income share. The data thus suggest that there exists some threshold level of population aging such that any deviations from that level will widen the gap between the wealthy and the poor and increase disparities in wealth and income inequality.
關聯:	Economic Change and Restructuring 56,　p.4223-4252
DOI:	10.1007/s10644-023-09551-3
顯示於類別:	[國際企業學系暨研究所] 期刊論文

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