Demographic forces are crucial drivers of macroeconomic performance. Yet, existing theories do not allow demography to respond fundamentals and policies while determining key variables. We build a model endogenous interactions between fertility innovation-led productivity growth that delivers empirically consistent co-movements population, income wealth. Wealth dilution wage dynamics stabilize ...

In this work, we modify the affine wealth model of distributions to examine effects nonconstant redistribution on very wealthy. Previous studies model, restricted flat schemes, have demonstrated presence a phase transition partially wealth-condensed state, or “partial oligarchy,” at critical value an order parameter. These also indicated exponential tail in distribution precisely criticality. A...

We show that wealth inequality in the UK is high and has increased slightly over past decade as financial asset prices have wake of crisis. But data deficiencies are a major barrier understanding true distribution, composition size household wealth. The most comprehensive survey does good job capturing vast majority but nearly £800 billion held by very wealthiest households missing. also find t...

Interpersonal violence has become one of the main public health issues in Latin American cities. This article presents a framework for sociological interpretation that operates on three levels, expressed in the factors that originate, foment, or facilitate violence. Macro-social factors include: social inequality due to the increase in wealth versus poverty; the paradox of more schooling with f...

Maximizing expected utility over a lifetime leads one who has constant relative risk aversion and faces random-walk securities returns to be "myopic" and hold the same fraction of portfolio in equities early and late in life--a defiance of folk wisdom and casual introspection. By assuming one needs to assure at retirement a minimum ("subsistence") level of wealth, the present analysis deduces a...

Neoliberals advocate for “marketization,” but the transition to markets in pervasively regulated fields like health, defense, and education is complex. There is no way out but through. The state itself must capitulate to (and coordinate) its subjects’ purported emancipation from it. Thus a paradox threatens the coherence of the thought of neoliberals. Wealth accumulation up to now, they assert,...

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...