Newly precise evidence of the trajectory of top incomes in the United States and around the world relies on top shares and top-to-bottom ratios, prompting new inquiry into their properties as inequality measures. Current evidence suggests a mathematical link between top shares and the Gini coefficient and empirical links extending as well to the Atkinson measure. The work reported in this paper...
The overarching aim of Mistra NEPSIS is to develop societal pathways for the transformative change of the supply chains of buildings, transportation infrastructure and transportation – from input and raw materials, over primary and secondary activities, to final products and services – to fulfil the national target of net zero greenhouse gas emissions by 2045. More information on the project you...
The project aims to provide technical assistance to the Republic of Korea for the implementation of the Korean Emissions Trading System (KETS). The KETS will be a valuable tool to help Korea cost-effectively meet its greenhouse gas (GHG) emission reduction targets, which is especially important since Korea has become the OECD's fastest-growing GHG emitter. DIW’s main role in the project so far was...
In many countries organized as federations, fiscal equalization schemes have been implemented to mitigate vertical or horizontal imbalances. Such schemes usually imply that the member states of the federation can only partly internalize (marginal) tax revenue before redistribution. Aside from the internalized marginal revenue, referred to as the marginal tax-back rate, the remainder is redistributed. ...
The idea that birth-order position has a lasting impact on personality has been discussed for the past 100 years. Recent large-scale studies have indicated that birth-order effects on the Big Five personality traits are negligible. In the current study, we examined a variety of more narrow personality traits in a large representative sample (n = 6,500–10,500 in between-family analyses; n = 900–1,200 ...
Although banks are required to document their equity capital for loans, corporate bonds, and other receivables, they are currently exempted from the procedure when investing in government bonds: they enjoy an “equity capital privilege.” As part of the Basel III regulatory framework redraft, the privilege may be eliminated in order to disentangle the default risks between sovereigns and ...
Although banks are required to document their equity capital for loans, corporate bonds, and other receivables, they are currently exempted from the procedure when investing in government bonds: they enjoy an “equity capital privilege.” As part of the Basel III regulatory framework redraft, the privilege may be eliminated in order to disentangle the default risks between sovereigns and banks. The present ...
