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How inheritances shape wealth distributions : an international comparison
Bönke, Timm; Werder, Marten von; Westermeier, Christian - 2016
inequality in household wealth in all 8 countries. …
Persistent link: https://www.econbiz.de/10011573797
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Distributional consequences of asset price inflation in the euro area
Adam, Klaus; Tzamourani, Panagiota - 2015
correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … wealth inequality. Housing price increases display a hump shaped pattern over the net wealth distribution, with the poorest …
Persistent link: https://www.econbiz.de/10011316626
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The interest rate exposure of euro area households
Tzamourani, Panagiota - 2019
We estimate the "unhedged interest rate exposure" (URE) of euro area households. The URE is a welfare metric that captures the extent to which households are exposed to changes in real interest rates, and reflects the direct gains and losses in interest income flows incurred by households after...
Persistent link: https://www.econbiz.de/10011963126
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Industrialization, returns, inequality
Albers, Thilo N. H.; Kersting, Felix; Stieglitz, Timo - 2023
How does revolutionary technological change impact wealth inequality? We turn to the mother of all technological shocks … industrialization on the top percentile's wealth share and the inequality among top fortunes. We show that this relationship between …
Persistent link: https://www.econbiz.de/10014487319
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Make-up strategies with incomplete markets and bounded rationality
Dobrew, Michael; Gerke, Rafael; Giesen, Sebastian; … - 2023
We study the impact of market incompleteness and bounded rationality on the effectiveness of make-up strategies. To do so, we simulate a heterogeneous-agent New Keynesian (HANK) model with reflective expectations and an occasionally-binding effective lower bound (ELB) on the policy rate. Our...
Persistent link: https://www.econbiz.de/10013493615
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On household labour supply in sticky-wage HANK models
Gerke, Rafael; Giesen, Sebastian; Lozej, Matija; … - 2024 - November 24, 2023
Heterogeneous-agent New Keynesian models with sticky nominal wages usually assume that wage-setting unions demand the same amount of hours from all households. As a result, unions do not take account of the fact that (i) households are heterogeneous in their willingness to work, and that (ii)...
Persistent link: https://www.econbiz.de/10014467926
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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...
Persistent link: https://www.econbiz.de/10011440820
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Love and money with inheritance : marital sorting by labor income and inherited wealth in the modern partnership
Zhu, Junyi - 2018
As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly … affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in …, covering both labor income and inheritance. This paper studies the concentration and substitutability of these two traits in …
Persistent link: https://www.econbiz.de/10011874278
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Intergenerational transfers : how do they shape the German wealth distribution?
Werder, Marten von - 2018
distribution. I use the estimates to decompose the overall effect of transfers on wealth inequality in the effect of the aggregated … very much in line with the literature, indicating that transfers tend to equalize wealth inequality, despite minor …
Persistent link: https://www.econbiz.de/10011915902
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Does income transparency affect support for redistribution? Evidence from Finland's tax day
Dunaiski, Maurice; Tukiainen, Janne - 2023
inequality through a real-world policy, rather than experimental treatments, may trigger only marginal changes in support for …
Persistent link: https://www.econbiz.de/10014551561