Showing 1 - 10 of 1,603
, 19th century weight was higher in states with greater average wealth and population density and lower in states with … greater wealth inequality …
Persistent link: https://www.econbiz.de/10013009843
We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are … positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the …
Persistent link: https://www.econbiz.de/10012913195
A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship … job loss and those who do not reveals generally increasing entry rates through the wealth distribution for both groups … entrepreneurship and a different measure of wealth – net housing equity – for the two groups. Second, we examine the liquidity …
Persistent link: https://www.econbiz.de/10013107520
Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation … by Norwegian parents to a population panel data set with detailed information on disaggregated wealth portfolios and …
Persistent link: https://www.econbiz.de/10012919007
wealth is difficult to establish due to many potential sources of endogeneity. Utilizing the Household Finance and … wealth position of the household only through homeownership. For the sample of inheritors we find that the local average … reductions in the net holdings of financial and other real wealth of the treated households …
Persistent link: https://www.econbiz.de/10012996689
This paper introduces a multivariate long-memory model with structural breaks. In the proposed framework, time series exhibit possibly fractional orders of integration which are allowed to be different in each subsample. The break date is endogenously determined using a procedure which minimises...
Persistent link: https://www.econbiz.de/10013317169
Established tests for proper calibration of multivariate density forecasts based on Rosenblatt probability integral transforms can be manipulated by changing the order of variables in the forecasting model. We derive order invariant tests. The new tests are applicable to densities of arbitrary...
Persistent link: https://www.econbiz.de/10012916359
find that the tax–transfer scheme positively affects growth while simultaneously reducing wealth inequality in the economy …
Persistent link: https://www.econbiz.de/10013105141
investigate the impact of differences in the strength of financial institutions and wealth inequality on trade flows, capital … greater wealth inequality will export the output of the financially dependent sector, will import capital and will be a (net …
Persistent link: https://www.econbiz.de/10013053708
This paper examines the role of bequests and of taxation on bequests for the distribution of wealth. We investigate a …. Using the coefficient of variation as the measure of inequality, bequests per se diminish the inequality of wealth since … they raise private savings and hence average wealth holdings more than the variance of wealth. From a policy perspective …
Persistent link: https://www.econbiz.de/10013317577