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entering an era of increasing income inequality. In this article, the link between financial wealth and pre-tax household …Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated … wealth over the past 25 years. Nonetheless, this has not led to an equally large increase in property income because the …
Persistent link: https://www.econbiz.de/10014278404
Distributional accounts for households enable measurement, study developments andidentify drivers of inequality …. Distributional information on households’ wealth is availablefrom the Household Finance and Consumption Survey only for three points … quarterly distributional national wealth by (i) improving the alignment of surveyfieldwork periods with the national accounts …
Persistent link: https://www.econbiz.de/10014030310
borrower-based measures have a moderate negative welfare impact in terms of wealth inequality and a negligible impact on income … LTV/DSTI limits can increase inequality at introduction, they can dampen the increase in inequality under adverse … simulations under different macroeconomic and macroprudential policy scenarios using granular income and wealth data from the …
Persistent link: https://www.econbiz.de/10012605263
For the US the supply and wages of skilled labor relative to those of unskilled labor have grown over the postwar period. The literature has tended to explain this through “skill-biased technical change”. Empirical work has concentrated around two variants: (1) Capital-skill complementarity,...
Persistent link: https://www.econbiz.de/10011605845
contrast, monetary policy has only negligible effects on wealth inequality. …This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …
Persistent link: https://www.econbiz.de/10012142034
This paper analyses the consumer's decision to apply for credit and the probability of the credit being accepted in the euro area during a period characterized by the unprecedented concomitance of events and changing borrowing conditions linked to the global COVID-19 pandemic and the Russian...
Persistent link: https://www.econbiz.de/10014543617
Using administrative data on mortgages issued in Italy between 2018 and 2019, this paper estimates loan demand elasticities to maturity and interest rate. We find that households are responsive to both contract terms: a 1% decrease in interest rate increases the average loan size by 0.22%...
Persistent link: https://www.econbiz.de/10014543625
Using microdata from a U.S. household survey, we document that immigrants who lived through a sovereign default episode are 7% less likely to hold debt relative to otherwise similar immigrants who reside in the same U.S. state and come from the same foreign country but who did not experience a...
Persistent link: https://www.econbiz.de/10014543630
optimization problem that aims at preserving for each wealth instrument the level of inequality measured by the Gini coefficient …. In addition, a lower and an upper bound of inequality are derived, that can be reached by extreme allocations of the … wealth discrepancies across the households. Finally, based on the German HFCS, we compare the findings with another approach …
Persistent link: https://www.econbiz.de/10014543659
Using new panel data from a representative survey of households in the six largest euro area economies, the paper estimates the impact of the Covid-19 crisis on consumption. The panel provides, each month, household-specific indicators of the concern about finances due to Covid-19 from the first...
Persistent link: https://www.econbiz.de/10012422169