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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
The Household Finance and Consumption Survey (HFCS) provides information about household wealth (real and financial …
Persistent link: https://www.econbiz.de/10010438032
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
This paper examines the dynamics of wealth and income inequality along the business cycle and assesses how they are … are ex-ante heterogeneous with respect to wealth and ability. We show how to derive standard inequality measures within … and the personal income and wealth distribution over the business cycle. We find that whether wealth and income inequality …
Persistent link: https://www.econbiz.de/10012170668
A two-sector incomplete markets model with heterogeneous agents can be used to study the distributional effects of the COVID-19 lockdown. While negative aggregate welfare effects of the lockdown are unavoidable, the size of aggregate welfare effects as well as the distribution of the welfare...
Persistent link: https://www.econbiz.de/10012234494
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
Using a micro-level approach to poverty traps, this paper explores welfare dynamics among households in post-war rural Mozambique. Conceptually, the paper builds on an asset-based approach to poverty and tests empirically, with household panel data, for the existence of a poverty trap. Findings...
Persistent link: https://www.econbiz.de/10009268968