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transmission of parental housing wealth changes in childhood are driven in large part by changes to unobserved household …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 …
Persistent link: https://www.econbiz.de/10014338681
data from the Eurosystem Household Finance and Consumption Survey (HFCS) to analyse the household's wealth composition and … accumulation process in the euro area. To quantify the size of the housing wealth and its potential to enhance existing and future … then catalogue and discuss the many alternative options for managing and accessing housing wealth over the life cycle, and …
Persistent link: https://www.econbiz.de/10012120692
-called wealth hypothesis. On the other hand, Attanasio, Blow, Hamilton, and Leicester (2009) find that house prices have the same …-cycle model) and not data aggregation considerations (household level data vs. synthetic cohort data) may be at the root of the …
Persistent link: https://www.econbiz.de/10009792993
This paper uses the 2011 China Household Finance Survey data to estimate the effect of change in housing value on … instrument for the housing capital gains of a given household, we find that a 100 thousand yuan increase in housing value leads …
Persistent link: https://www.econbiz.de/10011452653
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …
Persistent link: https://www.econbiz.de/10011572286
Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly … workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore … (marginal) effect of wealth on the job exit rate. But even with a rich set of regressors the question remains whether there are …
Persistent link: https://www.econbiz.de/10003666470
the importance of familial wealth for household wealth accumulation and housing wealth in particular. A back … correlation between child and parent homeownership. We propose a new causal mechanism behind this relationship based on parents …, using an event study approach, we find that the increase in child homeownership occurs almost entirely in the year when …
Persistent link: https://www.econbiz.de/10013286209
social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … Social Assistance, which provides a permanent universal household income floor, with a minor role for temporary earnings …-related Unemployment Insurance. Reflecting that married couples obtain intra-household insurance by making labor supply choices for both …
Persistent link: https://www.econbiz.de/10010510507
While most studies on wealth inequality focus on the inequality between households, this paper examines the … distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio … partnership) that might explain this wealth gap. We find that all factors contribute to the explanation of the wealth gap within …
Persistent link: https://www.econbiz.de/10010195489
these sources. -- household income ; volatility ; wealth ; medical spending … combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting … for fluctuations in income and out-of-pocket medical expenses, as well as financial wealth sufficient to buffer against …
Persistent link: https://www.econbiz.de/10009656083