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implications and suggests homeownership financed via amortizing mortgages is instrumental for household wealth building … known about their effects on wealth accumulation. Using individual administrative data and plausibly exogenous variation in …
Persistent link: https://www.econbiz.de/10012496128
total wealth of each household in the Health and Retirement Study by $67,000 in 1992 dollars, raising wealth from employer …By 1992, pensions and retiree health insurance represented one quarter of the wealth of families on the verge of … provided pension benefits per household by 150 percent in real terms. Changes in retiree health benefits, which have only about …
Persistent link: https://www.econbiz.de/10012471464
pension wealth (both private and social security) which we construct for each household in the sample, the estimated …A substantial literature exists on the impact of pension schemes, both public and private, on the level of household …
Persistent link: https://www.econbiz.de/10012478143
compare pre-tax and post-tax wealth. The empirical analysis covers 1983-2016 based on the Survey of Consumer Finances for … conventional net worth, NW, and augmented wealth, AW, the sum of NW, pension wealth PW, and Social Security wealth SSW. Like TDAs … BV of wealth, including death benefits. While TDAs are still subject to income tax at withdrawal, other assets are valued …
Persistent link: https://www.econbiz.de/10012481522
Some commentators have argued that the housing crisis may harm labor markets because homeowners who owe more than their homes are worth are less likely to move to places that have productive job opportunities. I show that, in the available data, negative equity does not make homeowners less...
Persistent link: https://www.econbiz.de/10012461956
In sum, numeracy does not influence wealth in whole or in part by affecting financial knowledge of one's pension plan … found in the literature between cognitive ability, and in particular numeracy, and wealth, income constant. We have a number … suggest that causality is more likely to run from pension wealth to pension knowledge, rather than the other way around …
Persistent link: https://www.econbiz.de/10012462157
rises in wealth in the cross-section of households in the Survey of Consumer Finances. For a given household, the portfolio … share can fall in response to an increase in wealth, even though the model implies decreasing relative risk aversion …
Persistent link: https://www.econbiz.de/10012462341
estate wealth and household size. As a consequence, the elasticity of the aggregate demand for risky assets to exogenous … market participation and financial wealth. Among participants, the average financial wealth elasticity of the risky share is … aversion. Furthermore, the financial wealth elasticity of the risky share itself is heterogeneous across investors and varies …
Persistent link: https://www.econbiz.de/10012462791
We estimate the level and distribution of global household wealth. The levels of assets and debts for 39 countries are … lacking direct evidence. Data on the pattern of household distribution of wealth are assembled for 20 countries, which … measured using household balance sheet and survey data centred on the year 2000. The determinants of mean financial assets, non …
Persistent link: https://www.econbiz.de/10012463141
This paper documents the trends in the life-cycle profiles of net worth and housing equity between 1983 and 2004. The net worth of older households significantly increased during the housing boom of recent years. However, net worth grew by more than housing equity, in part because other assets...
Persistent link: https://www.econbiz.de/10012464953