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wealth position of the household only through homeownership. For the sample of inheritors we find that the local average … 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 sources of endogeneity. Utilizing the Household Finance and …
Persistent link: https://www.econbiz.de/10011429581
wealth. To capture the importance of land as an input factor for housing production and for the evolution of wealth in a … housing wealth after Word War II remarkably accurately and accounts for the close connection of house prices to land prices in … the data. It suggests a considerable further increase in housing wealth, relative to income, that is associated with a …
Persistent link: https://www.econbiz.de/10011451042
Rising wealth inequality has spurred an increased interest in understanding how and why wealth is correlated across … generations. We exploit plausibly exogenous variation in housing wealth driven by home price changes in different areas to isolate … the causal impact of parental housing wealth during different childhood periods on children's long-run wealth accumulation …
Persistent link: https://www.econbiz.de/10014364658
tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation …Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents … by Norwegian parents to a population panel data set with detailed information on disaggregated wealth portfolios and …
Persistent link: https://www.econbiz.de/10011814565
error differs substantially across countries. Based on a comparison of forecasting practices we show that these differences … lower standard deviation of the forecast error. -- revenue forecasting ; international comparison ; OECD countries …
Persistent link: https://www.econbiz.de/10003850128
How important is mastering information and communication technologies (ICT) in modern labor markets? We present the first evidence on this question, drawing on unique data that provide internationally comparable information on ICT skills in 19 countries. Our identification strategy relies on the...
Persistent link: https://www.econbiz.de/10011416403
Focusing in particular on upper secondary education, this paper examines whether the relatively high level of expenditure on education in the Nordic countries is matched by high output from the educational sector, both in terms of student enrolment and indicators of output quality in the form of...
Persistent link: https://www.econbiz.de/10011343085
Is human capital a robust predictor of good institutions? Using a new institutional quality measure, the International Property Rights Index (IPRI), we find that cognitive skill measures are significant, robust, and large in magnitude. We use two databases of cognitive skills: estimates of...
Persistent link: https://www.econbiz.de/10010354080
Expanded international data from the PIAAC survey of adult skills allow us to analyze potential sources of the cross-country variation of comparably estimated labor-market returns to skills in a more diverse set of 32 countries. Returns to skills are systematically larger in countries that have...
Persistent link: https://www.econbiz.de/10011544331
Students in some countries do far better on international achievement tests than students in other countries. Is this all due to differences in what students bring with them to school - socio-economic background, cultural factors, and the like? Or do school systems make a difference? This essay...
Persistent link: https://www.econbiz.de/10011489307