Showing 1 - 10 of 35
This paper compares the welfare implications of two widely used pricing assumptions in the New-Keynesian literature: Calvo-pricing vs. Rotemberg-pricing. We show that despite the strong similarities between the two assumptions to a first order of approximation, in general they might entail...
Persistent link: https://www.econbiz.de/10013317043
received a wealth transfer and these accounted for 23 percent of their net worth. Over the lifetime, about 30 percent of … households could expect to receive a wealth transfer and these would account for close to 40 percent of their net worth near time … reporting a wealth transfer fell by 2.5 percentage points. The average value of inheritances received among all households did …
Persistent link: https://www.econbiz.de/10013130151
in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth … consumption, income and wealth can be analysed. Current researches linking macro and micro information for the households have … to household wealth using both survey data and financial accounts. It builds a link between wealth survey and national …
Persistent link: https://www.econbiz.de/10013072608
, income and welfare state policies in explaining differences in household net wealth within and between euro area countries … these households have considerably higher net wealth than those which did not inherit. Second, regression analyses on … households' relative wealth position show that, on average, having received an inheritance lifts a household by about 14 net …
Persistent link: https://www.econbiz.de/10013014961
area M3. We find that the elasticities in the money demand and the real wealth relations identified previously in Beyer …-to-real transformation is not rejected for the money relation whereas the wealth relation cannot be expressed in real terms …
Persistent link: https://www.econbiz.de/10012844181
is affected by the gap between 'target' and actual wealth, with the target wealth determined by credit conditions and … saving rate's long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business …
Persistent link: https://www.econbiz.de/10012905525
wealth (and income). The significance of inheritances for home ownership and holding of other real estate is remarkable. We …
Persistent link: https://www.econbiz.de/10013049467
This article aims at linking the household wealth and income distributions for 15 European countries using the … determining its location in the wealth distribution. A generalized ordered probit model is estimated to explain the role played by … the position in the income distribution and by intergenerational transfers on the probability to be in a given wealth …
Persistent link: https://www.econbiz.de/10013053420
wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth … three factors, in addition to the common household and demographic factors, are relevant for the net wealth accumulation … particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area …
Persistent link: https://www.econbiz.de/10013054675
We study the link between household structure and cross country differences in the wealth distribution using a recently … examine the extent to which differences in the unconditional distributions of wealth across euro area countries can be …. Furthermore, the explanatory power of household structure changes along the net wealth distribution. Therefore we argue for more …
Persistent link: https://www.econbiz.de/10013057160