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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/10008698414
This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate … China. In the past four decades, global saving inequality has risen sharply. The share of household saving flows coming from … the richest 10% of household increased by 60% while saving of middle-class households has fallen sharply. The most …
Persistent link: https://www.econbiz.de/10013187481
This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a … newly compiled household-level dataset based on archival data from historical waves of the Survey of Consumer Finances (SCF … between the 25th and 75th percentile of the distribution. The household data also reveal that the paths of income and wealth …
Persistent link: https://www.econbiz.de/10011717045
We estimate the causal effect of the Indian Ocean tsunami in Sri Lanka on household income and consumption eight years … increases in household income and consumption in the long-term emerged from our empirical investigation. Deviating from the … nuanced picture with respect to household consumption impacts. We observe a reduction of food consumption and only find an …
Persistent link: https://www.econbiz.de/10011547958
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/10011551036
Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric … German micro-data on household expenditure to estimate equivalence scales as a specific example. Our results show that …
Persistent link: https://www.econbiz.de/10010458584
information structure and labor supply decisions follow the Mirrleesian tradition. However, while the household’s total …
Persistent link: https://www.econbiz.de/10010479336
Persistent link: https://www.econbiz.de/10003630847
We revisit the prominent finding that women's incomes are disproportionally often observed just below the income of their partner. So far, this bunching has been explained by couple formation or couples' labor market decisions. We propose an additional mechanism: income misreporting in surveys....
Persistent link: https://www.econbiz.de/10011924589
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/10011872933