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convincing explanations for why France entered a fertility transition over a century before anywhere else in the world. This … analysis links highly detailed individual level fertility life histories to wealth at death data for four rural villages in … transition-era France, 1750-1850. The results show that it was the richest groups who reduced their family size first and that …
Persistent link: https://www.econbiz.de/10010738834
There is a capital taxation puzzle in most developed countries. Since the 1960s, revenues from wealth transfer taxation … cases; by contrast, lifetime wealth or capital taxation generates much higher revenues and shows no decreasing trend. The … full tax puzzle is certainly not easy to explain. Many usual explanations of the aversion to wealth transfer taxation also …
Persistent link: https://www.econbiz.de/10010738837
France the annual flow of inheritance was about 20%-25% of national income between 1820 and 1910, down to less than 5% in … 1950, and back up to about 15% by 2010. A simple theoretical model of wealth accumulation, growth and inheritance can fully … wealth accumulation well above 100%. Our findings illustrate the fact that when the growth rate g is small, and when the rate …
Persistent link: https://www.econbiz.de/10010738844
in explaining households' wealth behaviors, and to construct more accurate tests of the theories of savings and portfolio … choices. For France, we have constructed a unique data set, the PAT€R surveys (PATrimony and Preferences vis-à-vis Time and … composition of wealth are similar across surveys, in line with theoretical predictions, and more significant than those obtained …
Persistent link: https://www.econbiz.de/10010738899
.25, so that the two preferences are nonetheless far from identical. In addition, the elasticity of children's wealth with … respect to that of their parents is around 0.22. This correlation is corrected for the influence of age on wealth, and … intergenerational transmission of wealth inequalities, but is far from being the most important factor. …
Persistent link: https://www.econbiz.de/10010739024
For a sub-sample of French households of an Insee wealth survey, we obtain new and relative measures of 5 individual … altruism are found no to affect wealth but, contrarily to recent results of behavioural analysis, the three other parameters … have significant effects on wealth (financial, gross or net), which are consistent with theoretical predictions : wealth …
Persistent link: https://www.econbiz.de/10010739045
amount and composition of wealth shows then that this savers' typology has sizeable explanatory power, with effects as … predicted. Ceteris paribus, "armchair investors" accumulate more wealth than other households. Hotheads own less homes and Pep …
Persistent link: https://www.econbiz.de/10010739102
shareholder wealth by measuring the offered premiums and the CAAR (Cumulative Average Abnormal Return). Finally we analyse the … impact of Public to Private to the wealth shareholder. The main sources for firms from going private are incentive … is a source of wealth effects for Asia and Family blockholder (for the control hypothesis) is significant for Europe …
Persistent link: https://www.econbiz.de/10008788888
shareholder wealth by measuring the offered premiums and the CAAR (Cumulative Average Abnormal Return). Finally we analyse the … impact of Public to Private to the wealth shareholder. The main sources for firms from going private are incentive … is a source of wealth effects for Asia and Family blockholder (for the control hypothesis) is significant for Europe …
Persistent link: https://www.econbiz.de/10008790521
shareholder wealth by measuring the offered premiums and the CAAR (Cumulative Average Abnormal Return). Finally we analyse the … impact of Public to Private to the wealth shareholder. The main sources for firms from going private are incentive … is a source of wealth effects for Asia and Family blockholder (for the control hypothesis) is significant for Europe …
Persistent link: https://www.econbiz.de/10008790776