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The impact of these various expenditures is a function of the propensity to consume wealth locally.
Figures 1, 2, and 3 suggest that the effect of wealth on the propensity to emigrate is non-linear.
But with the growth of wealth and the diminishing marginal propensity to consume, it has tended to become increasingly internecine.
The panel structure of the data allows us to mitigate endogeneity issues, when measuring the impact of wealth and migrant networks, on the propensity to emigrate, by using pre-departure values of these variables.
Nobel economist Robert Shiller has proposed inequality insurance as an answer to the propensity of capitalist systems to accumulate its wealth in fewer hands.
Beyond the role of wealth, we are also interested in the impact of labor market outcomes on the propensity to emigrate.
Microeconomic studies have shown that socio-economic characteristics of migrants and recipient households, such as the level of wealth, the education or the level of risk to which they are exposed, affect the propensity to remit and receive remittances.
Never before have so many Americans been so well informed about the propensity of market bubbles to burst, evaporating their wealth before their eyes.
The snobbery of wealth.
Plutophobia- Fear of wealth.
Yet signs of wealth abound.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com