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Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX repeated cross-section data on consumption and income to...
Persistent link: https://www.econbiz.de/10005703321
international bailout in 2010. Given the economic collapse, Ireland provides an ideal case-study of the link between wealth … this massive fall in wealth, measures of health and well-being remained broadly unchanged. However, expectations about …
Persistent link: https://www.econbiz.de/10010884281
particular interest to economists, namely income and wealth and (b) to discuss issues in relation to their use, in particular … with respect to missing data. We describe how the income and wealth data were collected. We assess the quality of the … consider the relationship between income/wealth and life satisfaction, another variable captured in TILDA. We find that income …
Persistent link: https://www.econbiz.de/10010960113
a common framework. We illustrate this by analyzing the role of income and wealth as dimensions of multidimensional well … the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of …
Persistent link: https://www.econbiz.de/10009283567
Under socialism it was neither possible nor necessary to accumulate significant levels of personal wealth. The … and 2002, urban average real household net total wealth increased by 24 per cent per annum. There is a concern, however …, that those accumulating wealth are the economic and political elites while those unable to accumulate wealth are the most …
Persistent link: https://www.econbiz.de/10005703523
Do income disparities between men and women translate into longer term wealth disparities? We use the Survey of Income …
Persistent link: https://www.econbiz.de/10005822531
countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce …
Persistent link: https://www.econbiz.de/10005763522
We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical …
Persistent link: https://www.econbiz.de/10005763661
the relationship with wealth at death, on the form of the bequest, and on the different causes to which people bequeath. …
Persistent link: https://www.econbiz.de/10011156473
for fluctuations in income and out-of-pocket medical expenses, as well as financial wealth sufficient to buffer against …
Persistent link: https://www.econbiz.de/10011096062