Showing 1 - 10 of 2,878
The wealthy hand-to-mouth are households who hold little or no liquid wealth (cash, checking, and savings accounts … accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K., Germany, France, Italy, and …
Persistent link: https://www.econbiz.de/10012458591
We use a sufficient statistic approach to quantify the general equilibrium effects of population aging on wealth … countries, we measure the compositional effect of aging: how a changing age distribution affects wealth-to-GDP, holding the age … wealth-to- GDP ratios, lower asset returns, and widen global imbalances through the twenty-first century. These conclusions …
Persistent link: https://www.econbiz.de/10012616609
well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … extreme wealth inequality in society …
Persistent link: https://www.econbiz.de/10012814468
This paper considers the taxation of top incomes when the following conditions apply: (i) new ideas drive economic growth, (ii) the reward for creating a successful innovation is a top income, and (iii) innovation cannot be perfectly targeted by a separate research subsidy --- think about the...
Persistent link: https://www.econbiz.de/10012479676
top one per cent. The top 10 per cent owned 71 per cent of world wealth, and the Gini coefficient for the global …We estimate the level and distribution of global household wealth. The levels of assets and debts for 39 countries are …-financial assets, and liabilities are studied empirically, and the results used to estimate average wealth holdings for countries …
Persistent link: https://www.econbiz.de/10012463141
There has been a widespread perception in the past few years that long-term asset prices are generally high because monetary authorities have effectively kept long-term interest rates, which the market uses to discount cash flows, low. This perception is not accurate. Long-term interest rates...
Persistent link: https://www.econbiz.de/10012465089
World Poll, we present a range of estimates of social trust's wealth-equivalent values. The estimates of the wealth embodied … social capital as wealth. This is used to argue, given what we have learned in the literature on social capital, that the … social trust is an important component of total wealth in all regions and country groupings, there are nonetheless big …
Persistent link: https://www.econbiz.de/10012456123
seriously adverse outcomes. If the composition of wealth shifts into the hands of investors with higher coefficients of relative … calculates likely magnitudes of the decline and presents evidence in favor of a shift in the composition of wealth toward the …
Persistent link: https://www.econbiz.de/10012456479
capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer … wealth, which have grown enormously over the last 300 years. Thus the constancy of the wealth/income ratio as portrayed in … his data is an illusion. Further, the types of wealth that he does not measure are more equally distributed than tradeable …
Persistent link: https://www.econbiz.de/10012457747
This paper studies the geography of wealth transfers during the 2008 global financial crisis. We construct valuation …
Persistent link: https://www.econbiz.de/10012461305