Showing 1 - 10 of 17
non-monetary aspects evolves over changing wealth levels. Wages do not perfectly compensate individuals for differential … utility of jobs in a labour market with informational frictions. Changes in wealth may then affect preferences for different … increase with wealth shocks. Duration models are estimated based on the reduced form of a search model. Wealth may play an …
Persistent link: https://www.econbiz.de/10010233993
Persistent link: https://www.econbiz.de/10003651046
Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates have not coincided with a concurrent rise in goods prices. At the same time, however, asset prices have increased sharply, significantly outpacing the subdued development in...
Persistent link: https://www.econbiz.de/10003889489
The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during...
Persistent link: https://www.econbiz.de/10003934687
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using … pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …
Persistent link: https://www.econbiz.de/10009579234
The idea of higher wealth taxes to finance the mounting public debt in the wake of the financial crises is gaining … net wealth that is currently on the German political agenda. We use survey data from the German Socio-Economic Panel (SOEP …) and estimate the net wealth distribution at the very top, based on publicly available information about very rich Germans …
Persistent link: https://www.econbiz.de/10009487901
We analyze the top tail of the wealth distribution in Germany, France, Spain, and Greece based on the Household Finance … and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys we integrate the big … of household wealth in Germany jumps up from 24 percent in the HFCS alone to 33 percent after top wealth imputation. For …
Persistent link: https://www.econbiz.de/10011317780
wealth by aggregating visible goods and assets using principal component weights. We find that relative deprivation in … visible wealth has a ten percentage point higher explanatory power for reporting a high level of perceived deprivation than …
Persistent link: https://www.econbiz.de/10010363484
Private wealth is a crucial factor for the economic well‐being of households. Key determinants of private wealth … include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research … suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro‐area countries. First, we …
Persistent link: https://www.econbiz.de/10011441460
wealth. The regression discontinuity approach exploits two expansions of the child care pension benefit, in 1992 and in 1999 … increase in their pension wealth. From a political point of view, this suggests that the increase in individual pension wealth …
Persistent link: https://www.econbiz.de/10011441486