Showing 1 - 10 of 20
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
relevant waves of the Health and Retirement Study (1996-2010), we exploit the exogenous variation in the form of wealth shocks … resulting from the value of housing assets, to examine the effect of wealth on use of home health, unpaid help and nursing home … not affected by the housing wealth changes. The findings suggest that a wealth shock exerts a positive and significant …
Persistent link: https://www.econbiz.de/10012926994
This paper identifies globalization as a factor behind the rapid increase in executive compensation and inequality over the last few decades. Employing comprehensive data on top executives at major U.S. companies, we show that compensation is higher at more global firms. We find that pay...
Persistent link: https://www.econbiz.de/10012942995
This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household … surveys. This heterogeneity is driven by differences in both wealth composition and wealth levels. We find a decreasing … marginal propensity to consume out of wealth across the wealth distribution for all net wealth components. The marginal …
Persistent link: https://www.econbiz.de/10012944978
, 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
The Carnegie effect (Holtz-Eakin, Joualfaian and Rosen, 1993) refers to the idea that inherited wealth harms recipients …
Persistent link: https://www.econbiz.de/10013022507
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced …
Persistent link: https://www.econbiz.de/10012985794
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
time — total returns to the largest, but oft ignored, component of household wealth, housing. The annual data on total …
Persistent link: https://www.econbiz.de/10012921279
We study how rich shareholders can use their economic power to deregulate firms that they own, thus skewing the income distribution towards themselves. Agents differ in productivity and choose how much labor to supply. High productivity agents also own shares in the productive sector and thus...
Persistent link: https://www.econbiz.de/10013315687