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inequality. In high income countries, the evidence that income (wealth) does have a causal impact on health in adulthood is weak …
Persistent link: https://www.econbiz.de/10010224791
It is well-known that individuals born in different periods of time (cohorts)exhibit different wealth accumulation … accumulate wealth. The first one represents productivitydifferences across cohorts: the aggregate level of GNP per capita when … wealth holdings of different cohorts. In comparison with the cohorts that lived without SocialSecurity for a portion of their …
Persistent link: https://www.econbiz.de/10011302136
Netherlands to investigate the role of liquid wealth. Within five years of job loss, the likelihood of being a permanent worker … shock to job security. This effect is driven by workers with low liquid wealth, pointing to liquidity constraints as an …
Persistent link: https://www.econbiz.de/10014416055
I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in … redistributive, as it amplifies both income and wealth inequality. Low-income workers experience a relatively larger decline in … wealth rises. Furthermore, I find that adapting to climate change is more challenging for lowincome households who are …
Persistent link: https://www.econbiz.de/10014233371
The ratio of consumption to total household wealth (i.e., tangible assets plus unobserved human wealth) is commonly … calculated from the estimation of a log-linear version of the household intertemporal budget constraint as a cointegrating … component in the consumption equation. The consumption-to-wealth ratio calculated from this model is much less persistent than …
Persistent link: https://www.econbiz.de/10011844588
If there is exchange market pressure (EMP), monetary authorities can use the interest rate and official interventions to offset this depreciation tendency, or they can let the exchange rate change. We introduce a new approach to derive how these three variables should be combined to measure EMP....
Persistent link: https://www.econbiz.de/10011350376
Europe aims at combining income growth with improvements in social cohesion as measured by income and health inequalities. We show that, theoretically, both aims can be reconciled only under very specific conditions concerning the type of growth and the income responsiveness of health. We...
Persistent link: https://www.econbiz.de/10011350378
We propose a first order bias correction term for the Gini index to reduce the bias due to grouping. The first order correction term is obtained from studying the estimator of the Gini index within a measurement error framework. In addition, it reveals an intuitive formula for the remaining...
Persistent link: https://www.econbiz.de/10011377108
This study aims to explain the variation in empirical estimates in the literature on the elasticity of foreign direct investment with respect to company tax levels. To that end, we extend the meta analysis of De Mooij and Ederveen (2003) by considering an alternative classification of the...
Persistent link: https://www.econbiz.de/10011346456
Why are regional unemployment differentials in Europe so persistent if, as the wage curve literature demonstrates, there is no compensation in labour markets? We hypothesize that workers in high-unemployment regions are compensated in housing markets. Modelling regional unemployment...
Persistent link: https://www.econbiz.de/10011346469