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Wage risk and portfolio choice: The role of correlated returns
König, Johannes; Longmuir, Maximilian - 2021
From standard portfolio-choice theory it is well-understood that background risk, overwhelmingly due to wage risk, is one of the central determinants of individuals' portfolio composition: higher background risk reduces risky investments. However, if background risk is negatively correlated with...
Persistent link: https://www.econbiz.de/10012643603
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Funding self-employment: The role of consumer credit
Kneiding, Christoph; Kritikos, Alexander S. - 2011
This paper investigates whether self-employed households use consumer loans - in particular instalment loans and overdrafts - to finance business activities. Controlling for financial and non-financial household variables we show that self-employed households particularly use personal overdrafts...
Persistent link: https://www.econbiz.de/10010287306
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Mortgage market maturity and homeownership inequality among young households: a five-country perspective
Bicakova, Alena; Sierminska, Eva M. - 2008
This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership …
Persistent link: https://www.econbiz.de/10010276611
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Entgeltumwandlung im Jahr 2018: Wer nutzt sie in welchem Umfang?
Geyer, Johannes; Himmelreicher, Ralf K. - 2021
Wir untersuchen anhand von repräsentativen Daten für die Privatwirtschaft (Verdienststrukturerhebung 2018) Anteile und Höhe von umgewandelten Entgelten nach verschiedenen individuellen und betrieblichen Merkmalen von Arbeitnehmerinnen und Arbeitnehmern in Deutschland für das Jahr 2018....
Persistent link: https://www.econbiz.de/10012658436
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Intergenerational transfers and wealth in the euro-area: The relevance of inheritances and gifts in absolute and relative terms
Tiefensee, Anita; Westermeier, Christian - 2016
Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth … include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research … suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro-area countries. First, we …
Persistent link: https://www.econbiz.de/10011443189
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Charakteristika der Entgeltumwandlung: Wer sorgt in welchem Umfang für das Alter vor?
Geyer, Johannes; Himmelreicher, Ralf K. - 2021
Wir untersuchen erstmals anhand von repräsentativen Daten für die Privatwirtschaft (Verdienststrukturerhebung 2014) Anteile und Höhe von umgewandelten Entgelten nach verschiedenen individuellen und betrieblichen Merkmalen der Beschäftigten in Deutschland. Deskriptive wie multivariate...
Persistent link: https://www.econbiz.de/10012427948
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Are stock and housing returns complements or substitutes? Evidence from OECD countries
Caporale, Guglielmo Maria; Souza, Ricardo M. - 2011
deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for …
Persistent link: https://www.econbiz.de/10010287238
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Consumption, wealth, stock and housing returns: Evidence from emerging markets
Caporale, Guglielmo Maria; Souza, Ricardo M. - 2011
consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for … wealth held in the form of housing (i.e., when stock and housing assets are substitutes), then they will temporarily reduce …
Persistent link: https://www.econbiz.de/10010287262
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Representative Wealth Data for Germany from the German SOEP: The Impact of Methodological Decisions around Imputation and the Choice of the Aggregation Unit
Frick, Joachim R.; Grabka, Markus M.; Sierminska, Eva M. - 2007
The definition and operationalization of wealth information in population surveys and the corresponding microdata …-data-collection stage may interfere considerably with the substantive research question. Looking at wealth data from the German SOEP, this … analysis affects wealth distribution and inequality analysis. Obviously, when measured in ?per capita household? terms, wealth …
Persistent link: https://www.econbiz.de/10010324233
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Confronting the representative consumer with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2010
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
Persistent link: https://www.econbiz.de/10010285745