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Private Wealth Across European Countries : The Role of Income, Inheritance and the Welfare State

Fessler, Pirmin - 2015

Using microdata from the Household Finance and Consumption Survey (HFCS), this study examines the role of inheritance, income and welfare state policies in explaining differences in household net wealth within and between euro area countries. First, about one third of the households in the 13...

Persistent link: https://www.econbiz.de/10013014961

Changes in the Czech wage structure: Does immigration matter?

Dybczak, Kamil; Galuščák, Kamil - 2010

Using the Albrecht et al. (2003) version of the Machado and Mata (2005) decomposition technique along the wage distribution, we find that immigrant workers do not affect changes in the Czech wage structure between 2002 and 2006 despite their substantial inflows. Instead, changes in the wage...

Persistent link: https://www.econbiz.de/10011605288

Changes in the Czech Wage Structure : Does Immigration Matter?

Dybczak, Kamil; Galuscak, Kamil - 2021

Persistent link: https://www.econbiz.de/10013316167

Peer Effects in Stock Market Participation : Evidence from Immigration

Girshina, Anastasia - 2020

This paper studies how peers' financial behaviour affects individuals' own investment choices. To identify the peer effect, we exploit the unique composition of the Luxembourg population and use the differences in stock market participation across various immigrant groups to study how they...

Persistent link: https://www.econbiz.de/10012844620

Migrants' Choice of Remittance Channel : Do General Payment Habits Play a Role?

Kosse, Anneke - 2014

This paper investigates the determinants in migrants' choice of payment channel when transferring money to relatives … abroad. We surveyed 1,680 migrants in the Netherlands, identifying five remittance channels: bank services, money transfer … habits: migrants who regularly use internet banking for other purposes are more likely to use bank services for remittances …

Persistent link: https://www.econbiz.de/10013054673

Structural Reforms and Macroeconomic Performance in the Euro Area Countries : A Model-Based Assessment

Gomes, Sandra - 2011

We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...

Persistent link: https://www.econbiz.de/10013127922

The ECB's New Multi-Country Model for the Euro Area : NMCM - With Boundedly Rational Learning Expectations

Dieppe, Alistair - 2011

Rational expectations has been the dominant way to model expectations, but the literature has quickly moved to a more realistic assumption of boundedly rational learning where agents are assumed to use only a limited set of information to form their expectations. A standard assumption is that...

Persistent link: https://www.econbiz.de/10013128293

The ECB's New Multi-Country Model for the Euro Area : NMCM - Simulated with Rational Expectations

Dieppe, Alistair - 2011

The model presented here is a New estimated medium-scale Multi-Country Model (NMCM) which covers the five largest euro area countries and is used for forecasting and scenarios analysis at the European Central Bank. The model has a tight theoretical structure which allows for non-unitary...

Persistent link: https://www.econbiz.de/10013128296

Is China Climbing Up the Quality Ladder? Estimating Cross Country Differences in Product Quality Using Eurostat's COMEXT Trade Database

Pula, Gabor - 2011

There is an ongoing debate in the literature about the quality content of Chinese exports and to what extent China imposes a threat to the market positions of advanced economies. While China's export structure is very similar to that of the advanced world, its export unit values are well below...

Persistent link: https://www.econbiz.de/10013129033

Financial Advice and Stock Market Participation

Georgarakos, Dimitris - 2011

We introduce professional financial advice in households' choice to hold risky financial assets. Consistent with the predictions from a formal model, we present evidence that households' trust in financial advice only matters when their perceived own financial capability is low. Instead, for...

Persistent link: https://www.econbiz.de/10013130159

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