Feature Papers on Economics and Finance

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Economics and Finance".

Deadline for manuscript submissions: closed (30 April 2022) | Viewed by 17331

Special Issue Editor

Special Issue Information

Dear Colleagues,

The Economics and Finance section welcomes the submission of high-quality papers with a primarily empirical focus on various aspects of economics and finance, including corporate finance, asset pricing, and the use of high frequency data and finance microstructures, as well as their contributions to systemic risk in the markets in which they operate. The Economics and Finance section is open to publishing new and challenging studies focusing on a single country or a group of countries. Although the main focus of the section will be on empirical and theoretical papers of high quality, policy-oriented research papers will also be considered.

Prof. Dr. Thanasis Stengos
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

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Keywords

  • Macroeconomics
  • Microeconomics
  • Monetary economics
  • Economic growth
  • Development economics
  • Environmental economics
  • Asset pricing
  • General equilibrium
  • Rational asset pricing (risk neutral pricing)
  • Corporate finance and corporate governance
  • Financial econometrics
  • Uncertainty and decision-making
  • Behavioral and experimental finance
  • High frequency data
  • Finance microstructures

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Published Papers (2 papers)

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Research

11 pages, 505 KiB  
Article
Wealth Inequality in South Africa—The Role of Government Policy
by Marlin Jason Fortuin, Gerhard Philip Maree Grebe and Patricia Lindelwa Makoni
J. Risk Financial Manag. 2022, 15(6), 243; https://doi.org/10.3390/jrfm15060243 - 30 May 2022
Cited by 1 | Viewed by 11206
Abstract
In South Africa, high levels of wealth inequality have persisted since 1994, to the extent that 1% of the population owns 50% of the wealth. This study examines how macroeconomic policies influenced wealth inequality in South Africa over the period 2010 to 2019 [...] Read more.
In South Africa, high levels of wealth inequality have persisted since 1994, to the extent that 1% of the population owns 50% of the wealth. This study examines how macroeconomic policies influenced wealth inequality in South Africa over the period 2010 to 2019 using a behavioural life-cycle model. Despite a decrease in wealth inequality over this period, the extent of this decrease is almost negligible. Results show government’s current policy model to redirect wealth from a very small tax base that is under increasing financial strain is unable to meet wealth redistributive targets. The South African government should change the wealth redistribution policy from redistribution through predominantly lump sums to creating an environment in which private enterprises are able to absorb the labour capital that South Africa possesses. An open labour market would support private and foreign direct investment into the economy, thereby strengthening economic growth and upliftment through increased income and the consequent ability to accumulate wealth. Full article
(This article belongs to the Special Issue Feature Papers on Economics and Finance)
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11 pages, 259 KiB  
Article
Tax Progressivity of Personal Wages and Income Inequality
by Nikolaos Papanikolaou
J. Risk Financial Manag. 2021, 14(2), 60; https://doi.org/10.3390/jrfm14020060 - 2 Feb 2021
Cited by 5 | Viewed by 5452
Abstract
The paper examines tax progressivity and income inequality using Census Bureau Current Population Survey (CPS) personal income data. The Kakwani index is used to derive tax progressivity for All, Male, Female, White and African American personal wage income of CPS respondents, respectively. The [...] Read more.
The paper examines tax progressivity and income inequality using Census Bureau Current Population Survey (CPS) personal income data. The Kakwani index is used to derive tax progressivity for All, Male, Female, White and African American personal wage income of CPS respondents, respectively. The tax progressivity results show a tax system that is partly progressive and mostly regressive. Due to its regressive nature, the tax system did not display tax progressivity for the entire period under analysis for personal wage income respondents as well as when broken-down by race and gender in the United States for years 1996 to 2011. Full article
(This article belongs to the Special Issue Feature Papers on Economics and Finance)
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