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Wealth Inequality and Homeownership in Europe

Kaas, Leo; Kocharkov, Georgi; Preugschat, Edgar - 2015

through housing wealth. …

Persistent link: https://www.econbiz.de/10011388165

Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission

Hintermaier, Thomas; Koeniger, Winfried - 2018

-cycle incomplete-markets model with a liquid financial asset and illiquid housing to match the large heterogeneity of households asset …

Persistent link: https://www.econbiz.de/10011872145

Housing Wealth Across Countries: The Role of Expectations, Institutions and Preferences

Le Blanc, Julia; Slacalek, Jiri; White, Matthew N. - 2025

Homeownership rates and holdings of housing wealth differ immensely across countries. We specify and estimate a life … explanatory factors for long-run, structural differences in the extensive and intensive margins of housing: the homeownership rate … and the value of housing wealth of homeowners. First, in line with survey evidence, we allow for differences in …

Persistent link: https://www.econbiz.de/10015339431

Baby booming inequality? Demographic change and earnings inequality in Norway, 1967-2000

Almås, Ingvild; Havnes, Tarjei; Mogstad, Magne - 2010

In this paper, we demonstrate how age-adjusted inequality measures can be used to evaluate whether changes in inequality over time are due to changes in the age structure. To this end, we use administrative data on earnings for every male Norwegian during 1967-2000. We find that the substantial...

Persistent link: https://www.econbiz.de/10010275007

Inherited Wealth and Demographic Aging

Onder, Harun; Pestieau, Pierre - 2016

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...

Persistent link: https://www.econbiz.de/10011522484

Heterogeneity and Persistence in Returns to Wealth

Fagereng, Andreas; Guiso, Luigi; Malacrino, Davide; … - 2018

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their...

Persistent link: https://www.econbiz.de/10011887367

Perceived Relative Wealth and Risk Taking

Fehr, Dietmar; Reichlin, Yannick - 2021

We show that perceptions of relative rank in the wealth distribution shape individuals’ willingness to take risks. Using a representative large-scale survey, we manipulate perceptions of relative standing by randomly varying response categories when asking respondents about their wealth level....

Persistent link: https://www.econbiz.de/10013215212

Status, Control, and Risk: How Relative Wealth Perceptions Shape Risk-Taking

Fehr, Dietmar; Reichlin, Yannick - 2025

We embed an experiment in a large-scale representative survey to investigate how relative wealth affects risk-taking and how this effect varies as a function of perceived control over life outcomes. Our results contest the common prediction of higher risk-taking in the middle of the...

Persistent link: https://www.econbiz.de/10015415735

Inheritance Taxation and Wealth Effects on the Labor Supply of Heirs

Kindermann, Fabian - 2019

The taxation of bequests can have a positive impact on the labor supply of heirs through wealth effects. This leads to an increase in future labor income tax revenue on top of direct bequest tax revenue. We first show in a theoretical model that a simple back-of-the-envelope calculation, based...

Persistent link: https://www.econbiz.de/10012892312

Kantian Optimization with Quasi-Hyperbolic Discounting

Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022

We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal self acts in a way that they would like every future self to act. We introduce the notion of a Kantian policy as an outcome of Kantian optimization in a given class of policies. We...

Persistent link: https://www.econbiz.de/10013353402