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Consumption inequality and the frequency of purchases
Coibion, Olivier; Gorodnichenko, Yuriy; Koustas, Dmitri - 2017
We document a decline in the frequency of shopping trips in the U.S. since 1980 and consider its implications for the measurement of consumption inequality. A decline in shopping frequency as households stock up on storable goods (i.e. inventory behavior) will lead to a rise in expenditure...
Persistent link: https://www.econbiz.de/10011704243
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Differences in euro-area household finances and their relevance for monetary-policy transmission
Hintermaier, Thomas; Koeniger, Winfried - 2019
-cycle incomplete-markets model with a financial asset and housing to match the large heterogeneity of households asset portfolios … substantially across countries, and within countries by household characteristics such as age, housing tenure, and asset positions …
Persistent link: https://www.econbiz.de/10012133482
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Income vs. consumption inequality in South Korea : evaluating stochastic dominance rankings by various household attributes
Heshmati, Almas; Rudolf, Robert - 2013
Using four rounds (1999, 2002, 2005, 2008) of the Korean Labor and Income Panel Study (KLIPS), this article examines determinants of household income and consumption levels and inequalities. Unconditional as well as conditional stochastic dominance (SD) tests are performed by year, by household...
Persistent link: https://www.econbiz.de/10010211170
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Inequality and trade policy : pro-poor bias of contemporary trade restrictions
Ural Marchand, Beyza - 2019
This paper studies the pro-poor bias of contemporary trade policy in India by estimating the household welfare effects of eliminating the current protection structure. The elimination of a pro-poor trade policy is expected to have lower welfare gains or higher welfare loss at the low end of the...
Persistent link: https://www.econbiz.de/10011988644
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The Great Recession and life satisfaction : the unique decline for Americans approaching retirement age
Ifcher, John; Zarghamee, Homa S.; Cabacungan, Amanda - 2016
-Shiller Housing Price Index and the S&P 500 Index). …
Persistent link: https://www.econbiz.de/10011595922
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The intergenerational transmission of housing wealth
Daysal, N. Meltem; Lovenheim, Michael F.; Wasser, David N. - 2023
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 …. Using population-level Danish administrative data, we find that 27% and 25% of each Krone of parental housing wealth change …
Persistent link: https://www.econbiz.de/10014338681
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Debt portfolios
Hintermaier, Thomas; Koeniger, Winfried - 2011
by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the … and price of unsecured debt. -- household debt portfolios ; housing ; collateral ; bankruptcy ; commitment ; income risk …
Persistent link: https://www.econbiz.de/10009244090
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Income uncertainty and household savings in China
Chamon, Marcos; Liu, Kai; Prasad, Eswar S. - 2010
China's household saving rate has increased markedly since the mid-1990s and the agesaving profile has become U-shaped. Using a panel of urban Chinese households covering 1989-2006, we document a sharp increase in income uncertainty. While the permanent variance of household income was stable,...
Persistent link: https://www.econbiz.de/10009304386
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"Should I pay for you or for myself"? : the optimal level and composition of retirement benefit systems
Praag, Bernard M. S. van; Cardoso, Pedro - 2001
Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...
Persistent link: https://www.econbiz.de/10011339670
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Household debt and crises of confidence
Hintermaier, Thomas; Koeniger, Winfried - 2015
. The house price feeds back on itself by contributing to a liquidity effect, which operates through the value of housing in …
Persistent link: https://www.econbiz.de/10011347156