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household structure is widely neglected. Societal trends like a decline in birth rate and an increase in the risk of divorce … paper is to quantify the proportion of changing household structures in the increase in inequality. We find that the rise in … inequality was indeed more due to changes of household structure and employment behavior rather than changes in wages. Moreover …
Persistent link: https://www.econbiz.de/10013136651
Finances. The household-level data allow us to study the joint distributions of household income and wealth since 1949. We … shift the wealth distribution because the composition and leverage of household portfolios differ systematically along the … all American households have less wealth today in real terms than the median household had in 1970 …
Persistent link: https://www.econbiz.de/10012932905
to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …
Persistent link: https://www.econbiz.de/10012898430
Did the financial crisis spread from distressed banks to households through a contraction of the credit supply? We study this question with a dataset that contains observations on all accounts in Danish banks as well as comprehensive information about individual account holders and banks. We...
Persistent link: https://www.econbiz.de/10013010472
We estimate household equivalence scales using income satisfaction data from the German Socio-Economic Panel. We extend …
Persistent link: https://www.econbiz.de/10012979128
Most equivalence scales which are applied in research on poverty and inequality do not depend on income, although there is strong empirical evidence that equivalence scales in fact are income dependent. This paper explores the consistency of results derived from income independent and income...
Persistent link: https://www.econbiz.de/10013011717
determinants of across-household heterogeneity in second earner labour supply. We find that individual taxation is welfare …
Persistent link: https://www.econbiz.de/10012993113
We study the trade-off between equity and growth in the context of tax-financed investment in public capital. Taking into account stylized facts on wealth accumulation, we model agent heterogeneity through differences in saving behavior, income source and time preference. In contrast to the...
Persistent link: https://www.econbiz.de/10013046059
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...
Persistent link: https://www.econbiz.de/10013073087
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
Persistent link: https://www.econbiz.de/10012978454