Similar Search Results

Cowell, Frank - London School of Economics (LSE) - 2011

Using the evidence from the Luxembourg Wealth Study it appears that the distribution of wealth in the UK is … and of the wealth differential between the rich and the rest? Using a Pareto model for the upper tail of the distribution …

Persistent link: https://www.econbiz.de/10010745038

Estimates of the asset-effect: the search for a causal effect of assets on adult health and employment outcomes

McKnight, Abigail - London School of Economics (LSE) - 2011

In this paper we seek to determine the effect of assets held in early adult life on later outcomes. We specifically look at wages, employment prospects, general health and Malaise. The identification of an asset-effect throws up a number of statistical challenges as asset holding is not random....

Persistent link: https://www.econbiz.de/10010745695

Inheritance and the distribution of wealth

Cowell, Frank - London School of Economics (LSE) - 1998

The theory of functional equations is used to clarify the relationship between equilibrium distributions of wealth and …

Persistent link: https://www.econbiz.de/10010746547

Wealth and inheritance in Britain from 1896 to the present

Atkinson, Anthony B. - London School of Economics (LSE) - 2013

There has been a large rise in the UK ratio of personal wealth to national income. Personal wealth has grown since the … 1970s about twice as fast in real terms as national income. Has this rise in the wealth-income ratio led to a corresponding … increase in the wealth being passed on from one generation to the next? Are we returning to the levels of inheritance found in …

Persistent link: https://www.econbiz.de/10011126277

Wealth accumulation in Great Britain 1995-2005: the role of house prices and the life cycle

Bastagli, Francesca; Hills, John - London School of Economics (LSE) - 2012

This paper examines trends in the distribution of household wealth in Great Britain from 1995 to 2005 using the British … Household Panel Survey (BHPS). The data show that wealth is very unevenly distributed and reveal a widening absolute gap over … the period between wealthier households and those with no or negative wealth. However, in relative terms, wealth grew …

Persistent link: https://www.econbiz.de/10010884701

Measuring income risk

Burgess, Simon; Gardiner, Karen; Jenkins, Stephen P.; … - London School of Economics (LSE) - 2000

We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income risk of demographic and labour market factors....

Persistent link: https://www.econbiz.de/10011126475

Credit card debt and default over the life-cycle

Lopes, Paula - London School of Economics (LSE) - 2003

This paper solves an empirically parameterised model of life-cycle consumption which extends the precautionary savings models of Carroll (1997), and Deaton (1991), to allow for uncollaterized borrowing and default. In case households choose to default: (i) their access to credit markets is...

Persistent link: https://www.econbiz.de/10011071178

Long-term debt and hidden borrowing

Bar-Isaac, Heski; Cuñat, Alejandro - London School of Economics (LSE) - 2005

We consider borrowers with the opportunity to raise funds from a competitive banking sector that shares information, and from an alternative hidden lender. The presence of the hidden lender restricts the contracts that can be obtained from the banking sector. In equilibrium some borrowers obtain...

Persistent link: https://www.econbiz.de/10011071410

Access to finance: a functional approach to supply and demand

Fischer, Gregory - London School of Economics (LSE) - 2011

This paper provides a comprehensive description of the financial environment for households and small businesses in a defined geographical region. It develops a new, functional approach to financial access surveys, which involves asking detailed questions about how respondents meet their...

Persistent link: https://www.econbiz.de/10011071530

Homeownerhip and entrepreneurship

Bracke, Philippe; Hilber, Christian; Silva, Olmo - London School of Economics (LSE) - 2012

We study the link between homeownership and entrepreneurship by exploiting the longitudinal dimension of the British Household Panel Survey (BHPS) and constructing a detailed monthly-spell dataset that tracks individuals‟ job history and tenure choice, coupled with other time-varying...

Persistent link: https://www.econbiz.de/10011126138