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The Household Finance and Consumption Survey (HFCS) provides information about household wealth (real and financial …
Persistent link: https://www.econbiz.de/10010438032
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
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
We analyze the top tail of the wealth distribution in Germany, France, and Spain based on the first and second wave of … the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household … countries. As a result, the top percentile share of household wealth in Germany jumps up from 24 percent to 31 percent in the …
Persistent link: https://www.econbiz.de/10011780808
rich to answer this question. We identify the key predictors for belonging to the top 1 percent of income, wealth, and both …
Persistent link: https://www.econbiz.de/10014468907
In this paper, we propose an indicator of the homeownership rate based on Internet ads offering the housing for rent and sale. We constructed the HOR estimate using the number of ads in four different markets (flats for rent, flats for sale, houses for rent, and houses for sale). Our HOR...
Persistent link: https://www.econbiz.de/10009579621
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
Welfare-oriented analyses of economic outcome measures such as income and wealth generally rest on the assumption of … distribution of income and wealth within the household context. Based on unique individual-level wealth data from the German Socio … evidence for a significant gender wealth gap of about 30,000 euros in Germany, which amounts to almost 50,000 euros for married …
Persistent link: https://www.econbiz.de/10003746589
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