Showing 1 - 10 of 140
This article aims at linking the household wealth and income distributions for 15 European countries using the … Household Finance and Consumption Survey. We study the role played by the household's location in the income distributions in … the position in the income distribution and by intergenerational transfers on the probability to be in a given wealth …
Persistent link: https://www.econbiz.de/10015301780
assets, except in the top of the wealth distribution. Consumption is less sensitive to the value of the main residence than …This paper studies the heterogeneity of the marginal propensity to consume out of wealth using French household surveys …. We find decreasing marginal propensity to consume out of wealth across the wealth distribution for all net wealth …
Persistent link: https://www.econbiz.de/10015298435
The US Survey of Consumer Finances (SCF) and the Eurosystem's Household Finance and Consumption Survey (HFCS) provide … evidence that wealth is heavily concentrated at the upper tail of the wealth distribution. A commonly cited number for the US … is that 1 percent of the households hold 30 percent of total household wealth. I investigate the reliability of upper …
Persistent link: https://www.econbiz.de/10015301841
We calibrate an incomplete markets large scale OLG model to the US income and wealth distribution and examine the … the government should hold negative debt. Due to the high degree of wealth and income dispersion ex ante lifetime utility … debt, high income/wealth agents are always worse off. Adjusting transfers benefits the lowest income/wealth group. The …
Persistent link: https://www.econbiz.de/10015301887
Results from the Eurosystem Household Finance and Consumption Survey reveal substantial variation in household net … wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth … three factors, in addition to the common household and demographic factors, are relevant for the net wealth accumulation …
Persistent link: https://www.econbiz.de/10015301876
Crossing borders, be it international or regional, often go together with price, wage or indeed wealth discontinuities …. This paper identifies substantial wealth differences between Luxembourg resident households and cross-border commuter … households despite their similar incomes. The average (median) net wealth difference is estimated to be €367,000 (€129,000) and …
Persistent link: https://www.econbiz.de/10015301904
We use 25 years of tax records for the Norwegian population to study the mobility of wealth over people's lifetimes ….We find considerable wealth mobility over the life cycle. To understand the underlying mobility patterns, we group individuals … with similar wealth rank histories using agglomerative hierarchical clustering, a tool from statistical learning. The …
Persistent link: https://www.econbiz.de/10015275601
, income and welfare state policies in explaining differences in household net wealth within and between euro area countries … wealth percentiles. At the same time, each additional percentile in the income distribution is associated with about 0.4 net … increase - rather than a decrease - of observed wealth inequality. …
Persistent link: https://www.econbiz.de/10015297798
Finance and Consumption Survey (HFCS) in Austria with administrative records from the national accounts for the household …
Persistent link: https://www.econbiz.de/10015301836
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that … incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for … the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …
Persistent link: https://www.econbiz.de/10015301802