Similar Search Results

On the Evolution of the US Consumer Wealth Distribution

Hintermaier, Thomas; Koeniger, Winfried - C.E.P.R. Discussion Papers - 2010

We use all available waves of the Survey of Consumer Finances to document the evolution of the wealth distribution in the US since the 1980s. We then rely on the shape of this distribution to estimate a life-cycle incomplete markets model. We find that considering a wide range of net-worth...

Persistent link: https://www.econbiz.de/10008468610

Vanishing Third World Emigrants?

Hatton, Timothy J.; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2009

This paper documents a stylized fact not well appreciated in the literature. The Third World has been undergoing an emigration life cycle since the 1960s, and, except for Africa, emigration rates have been level or even declining since a peak in the late 1980s the early 1990s. The current...

Persistent link: https://www.econbiz.de/10004972165

Human Capital and Optimal Positive Taxation of Capital Income

Bovenberg, A Lans; Jacobs, Bas - C.E.P.R. Discussion Papers - 2005

investment, financial savings, and labour supply with heterogenous individuals. A dual income tax with a positive marginal tax … than that on labour income if savings are elastic compared to investment in human capital; substitution between inputs in …

Persistent link: https://www.econbiz.de/10005123828

Innovative Clusters and the Industry Life Cycle

Audretsch, David B; Feldman, Maryann P - C.E.P.R. Discussion Papers - 1995

The purpose of this paper is to link the propensity for innovative activity to cluster spatially to the stage of the industry life cycle. The theory of knowledge spillovers, based on the knowledge production function for innovative activity, suggests that geographic proximity matters most in...

Persistent link: https://www.econbiz.de/10005497876

Consumption Over the Life-Cycle

Gourinchas, Pierre-Olivier; Parker, Jonathan A - C.E.P.R. Discussion Papers - 2000

This paper employs cohort technique and Consumer Expenditure Survey data to construct average age-profiles of consumption and income over the working lives of typical households across different education and occupation groups. Using these profiles, we estimate a structural model of optimal...

Persistent link: https://www.econbiz.de/10005504201

Winners and Losers in Housing Markets

Kiyotaki, Nobuhiro; Michaelides, Alexander; Nikolov, Kalin - C.E.P.R. Discussion Papers - 2010

This paper is a quantitatively-oriented theoretical study into the interaction between housing prices, aggregate production, and household behavior over a lifetime. We develop a life-cycle model of a production economy in which land and capital are used to build residential and commercial real...

Persistent link: https://www.econbiz.de/10011083522

Asset Market Participation and Portfolio Choice over the Life Cycle

Fagereng, Andreas; Gottlieb, Charles; Guiso, Luigi - C.E.P.R. Discussion Papers - 2013

We study the life cycle of portfolio allocation following for 15 years a large random sample of Norwegian households using error-free data on all components of households’ investments drawn from the Tax Registry. Both, participation in the stock market and the portfolio share in stocks, have...

Persistent link: https://www.econbiz.de/10011084665

A Gini Decomposition Analysis of Inequality in the Czech and Slovak Republics during the Transition

Garner, Thesia I; Terrell, Katherine - C.E.P.R. Discussion Papers - 1998

Disposable income inequality, as measured by the Gini coefficient and using Family Budget Survey data, increased very little, and by a similar amount, from 1989–93 in the Czech Republic and Slovakia. This surprising result is examined with an analysis of changes in the channels of...

Persistent link: https://www.econbiz.de/10005123731

The Impact of Financial Education for Youth in Ghana

Berry, James; Karlan, Dean S.; Pradhan, Menno - C.E.P.R. Discussion Papers - 2015

offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked … money box. After nine months, both programs had significant impacts on savings behavior relative to the control group …, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education …

Persistent link: https://www.econbiz.de/10011249377

The Crisis of Germany's Pension Insurance System and How It Can Be Resolved

Sinn, Hans-Werner - C.E.P.R. Discussion Papers - 1999

crisis. The paper recommends obligatory private savings at a variable rate where the time path of the savings rate is chosen …

Persistent link: https://www.econbiz.de/10005791248