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main patterns of inequality, between and within the social groupings. We find that the effects of peer pressure on within …-group inequality differ between groups. We also find that wealth and consumption inequality increase within groups who aspire to match … social targets from a higher class, despite a reduction in within-group inequality in hours and earnings. …
Persistent link: https://www.econbiz.de/10012103597
It is well known that homeowners are richer than renters, even after controlling for observable characteristics. This is often used as an argument for policies that foster homeownership. However, the causal link between homeownership and wealth is difficult to establish due to many potential...
Persistent link: https://www.econbiz.de/10011429581
for all households, and an increase in wealth inequality. Nevertheless, welfare losses are bigger for households with …
Persistent link: https://www.econbiz.de/10012103582
The recently published Household Finance and Consumption Survey has revealed large differences in wealth inequality … between the countries of the Euro area. We find a strong negative correlation between wealth inequality and homeownership … by homeownership status shows that the negative relationship is mostly driven by large between-group inequality across …
Persistent link: https://www.econbiz.de/10011334237
in wealth and health, implying persistent increases in wealth inequality that are characterised by increases in wealth … and/or with lower wealth. These changes lead to inequality in exposure to post-pandemic income risk and, in particular, an … incentivising investment in health for those with low wealth and health, it reduces health inequality and, in the short run, the …
Persistent link: https://www.econbiz.de/10012697960