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high correlation between earnings and wealth in the data, as well as the fact that earnings are a major source of income … for top income and wealth groups. … bequests as potential determinants of the high level of wealth concentration in the US. Analyzing the joint distribution of …
Persistent link: https://www.econbiz.de/10012194632
as the capitalized sum of net labor income, government transfers, and gifts and inheritances received over the period … Inflows; this is true across the distribution of Total Inflows, as well as at all levels of net wealth. Gifts and inheritances … are only an important source of income flows among those who have very wealthy parents. Additionally, gifts and …
Persistent link: https://www.econbiz.de/10012805994
There is growing interest in understanding how gender influences the accumulation of wealth. While prior studies … oversamples the top 1% of wealth holders in Germany, we show that the gender wealth gap is small for individuals up to age 40 …
Persistent link: https://www.econbiz.de/10015074456
particular interest to economists, namely income and wealth and (b) to discuss issues in relation to their use, in particular … with respect to missing data. We describe how the income and wealth data were collected. We assess the quality of the … consider the relationship between income/wealth and life satisfaction, another variable captured in TILDA. We find that income …
Persistent link: https://www.econbiz.de/10009740282
Rising wealth inequality has spurred an increased interest in understanding how and why wealth is correlated across … generations. We exploit plausibly exogenous variation in housing wealth driven by home price changes in different areas to isolate … the causal impact of parental housing wealth during different childhood periods on children's long-run wealth accumulation …
Persistent link: https://www.econbiz.de/10014338681
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that, with the exception of …
Persistent link: https://www.econbiz.de/10011288530
wealth-income ratios previously found by Piketty and Zucman (2014) for some very rich and large Western economies extend to … lower wealth levels than the rest of Europe, and the main explanation is that the Swedes were too poor to save their income … political institutions for the long-run evolution of wealth-income ratios. …
Persistent link: https://www.econbiz.de/10011347159
right-shifted skill, income, and wealth distribution. Higher top incomes and top wealth in equal division areas coincide …What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical … inheritance rules for land in Germany. In some German areas, inherited land was to be shared or divided equally among children …
Persistent link: https://www.econbiz.de/10012288516
In recent decades most developed countries have experienced an increase in income inequality. In this paper, we use an … equilibrium search framework to shed additional light on what is causing an income distribution to change. The major benefit of … predicting the recent changes observed in the Danish income distribution. In addition, the model emphasizes that shocks to the …
Persistent link: https://www.econbiz.de/10003941761
attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … by higher earnings, but a substantial portion of this association cannot be explained mechanically by income flows or … gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e …
Persistent link: https://www.econbiz.de/10011613150