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inequality in household wealth in all 8 countries. …We use data from the European Household Finance and Consumption Survey in order to examine the distributional effect of … intergenerational wealth transfers on the net worth distribution in 8 European countries and compare it to recent findings for the US …
Persistent link: https://www.econbiz.de/10011573797
are still below the western German levels. This particularly holds for private net wealth, which reaches only about 40% of … study is designed to develop regional wealth indicators for the 16 federal states and for the 96 regional planning regions … (Raumordnungsregionen) in Germany based on the second wave of the Panel on Household Finances (PHF) conducted by the Deutsche Bundesbank in …
Persistent link: https://www.econbiz.de/10012101276
This paper shows that labor income plays an important positive role for the decision to work after retirement. Especially individuals who have the chance to substantially supplement their pension entitlements have a higher earnings elasticity. Men are more attracted by earnings incentives than...
Persistent link: https://www.econbiz.de/10012299799
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/10011440820
deterministic systems, such as looking for multiple peaks in the stationary distribution of states. We develop Markov wealth … processes in which parents' investments in children stochastically determine children's wealth, and consequently their own … others, and that their presence dominates the stationary behavior of the wealth distribution. Typically, mass accumulates …
Persistent link: https://www.econbiz.de/10012179189
wealth accumulation at the household level. Our findings indicate that CCP households accumulate wealth faster than non …This paper provides the first in-depth investigation into the evolution of the wealth gap between CCP and non … premiums of party membership across the wealth distribution. Our results show that although the average wealth gap between CCP …
Persistent link: https://www.econbiz.de/10014471768
In this empirical paper we analyze the link between homeownership across cohorts and the net wealth distribution. In … particular we are interested in the effect of the pattern of ownership across cohorts. Given that wealth accumulates over the … cohorts, should be related to current wealth levels and inequality. In order to gauge the effect of the ownership structure …
Persistent link: https://www.econbiz.de/10011285421
Persistent link: https://www.econbiz.de/10012509953
well-being using micro-data from the German wealth survey, Panel on Household Finances - PHF, for 2010 and 2014. Using …Wealth in addition to income determines to a large degree an individual’s consumption opportunities and economic … satisfaction as an indicator of subjective well being and households’ wealth. We contribute to the scarce literature on wealth and …
Persistent link: https://www.econbiz.de/10013171766
In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ administrative pension data and a detailed model of...
Persistent link: https://www.econbiz.de/10011440834