Showing 1 - 10 of 1,311
This note proposes a convenient graphical representation of the wealth distribution and illustrates it with data from the Eurosystem Household Finance and Consumption Survey (HFCS). We also present more evidence on the role of homeownership for wealth inequality in euro area countries.
Persistent link: https://www.econbiz.de/10012698172
This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life-cycle incomplete-markets model with a financial asset and...
Persistent link: https://www.econbiz.de/10012133482
This paper analyzes the relationship between unemployment and wage inflation for 10 of the euro area countries. The … combination of low wage inflation and high unemployment in Europe is usually attributed to a rise in the natural rate of … unemployment that may account for a changing pattern in the unemployment inflation trade-off. Moreover, it analyzes whether the …
Persistent link: https://www.econbiz.de/10003035532
inflation and measures welfare changes using the compensating variation and equivalent incomes in a cross-national comparative … perspective. The impact of inflation depends on good-specific price increases and budget shares. Budget shares for necessities (e … necessities has resulted in higher inflation in poorer countries. Counter to the media narrative, the distributional impact is …
Persistent link: https://www.econbiz.de/10013460152
progessivity (affecting higher income households more) of inflation experienced by households between April 2021 and July 2023 …. Despite a growing literature on the distributional impact of inflation, there is limited evidence on gender differentials. We … gender dimension to assess gender differences in inflation regressivity or progressivity, isolate the average inflation rate …
Persistent link: https://www.econbiz.de/10014495897
Recent advances in behavioral genetics have enabled the discovery of genetic scores linked to a variety of economic outcomes, including education. We build on this progress to demonstrate that the same genetic variants that predict educational attainment independently predict household wealth in...
Persistent link: https://www.econbiz.de/10011613150
This study combines novel financial-literacy data with measures of attitudes to redistribution from the British … intervention for income redistribution. The effect is robust to several specifications, samples, longitudinal models and … effect indicates that the homo oeconomicus effect does not exert an impact on attitudes to redistribution for the less …
Persistent link: https://www.econbiz.de/10011631491
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …
Persistent link: https://www.econbiz.de/10011288530
between 1999 and 2010. This measure combines an efficiency component using a Linear Expenditure System (LES) and an equity … of households in response to price changes in most years. -- price ; inflation ; equivalent income ; welfare ; linear …
Persistent link: https://www.econbiz.de/10009306839
We develop a theory of labor markets in a monetary economy with four realistic features: search frictions, worker productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient job separations occur in the form of endogenous...
Persistent link: https://www.econbiz.de/10014278008