DRIWGHP

The Distribution and Redistribution of Income and Wealth: A Global and Historical Perspective

Coordinatore	ECOLE D'ECONOMIE DE PARIS    more Spiacenti, non ci sono informazioni su questo coordinatore. Contattare Fabio per maggiori infomrazioni, grazie.
Nazionalità Coordinatore	France [FR]
Totale costo	2˙489˙576 €
EC contributo	2˙489˙576 €
Programma	FP7-IDEAS-ERC Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013)
Code Call	ERC-2013-ADG
Funding Scheme	ERC-AG
Anno di inizio	2014
Periodo (anno-mese-giorno)	2014-02-01   -   2019-01-31

 Partecipanti

#	participant	country	role	EC contrib. [€]
1	ECOLE D'ECONOMIE DE PARIS  Organization address address: BOULEVARD JOURDAN 48 city: PARIS postcode: 75014 contact info Titolo: Mr. Nome: Thomas Cognome: Piketty Email: send email Telefono: +33143 13 62 50 Fax: +33143 13 62 50	FR (PARIS)	hostInstitution	2˙489˙576.00
2	ECOLE D'ECONOMIE DE PARIS  Organization address address: BOULEVARD JOURDAN 48 city: PARIS postcode: 75014 contact info Titolo: Ms. Nome: Claire Cognome: Saint-Léger Email: send email Telefono: +33 1 43136234 Fax: +33 1 43136355	FR (PARIS)	hostInstitution	2˙489˙576.00

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 Obiettivo del progetto (Objective)

'Income and wealth inequality has widened significantly in many developed countries during the past 40 years, particularly in the Anglo-Saxon world. In some countries, e.g. the US, income concentration is now higher than in the early decades of the 20th century. EU trends are less strong, but push in the same direction. Yet, despite these puzzling facts, we still know very little about the forces behind the long run evolution of income and wealth distribution. The central objective of this proposal is to better understand the rise in inequality, and more generally to develop a unified empirical and theoretical approach to the distribution and redistribution of income and wealth. First, I propose to construct a new 'World Wealth and Income Database' (WWID) that will be made public through a dedicated website. Existing inequality data sets are insufficient, first because many countries are not well covered, and mostly because available series concentrate on income inequality and usually do not cover wealth inequality. This is unfortunate, because the theoretical forces at play are very different for income and wealth distributions. The WWID will remedy both deficiencies and allow for a better articulation between available data and theoretical models. Next, I will use this new database to test for the various mechanisms explaining the rise in inequality. In particular, I will explore the extent to which low growth and high returns to wealth naturally push towards higher wealth-income ratios as well as rising wealth concentration. In the near future this mechanism is likely to be particularly strong in low growth Europe (especially in countries with negative population growth). In the long run it can also operate at the level of the global distribution of wealth. I will also develop new theoretical models of optimal taxation of income and wealth. These models will be using a 'sufficient statistics' approach and will be calibrated using WWID data.'