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Consumption inequality and family labor supply
Blundell, Richard; Pistaferri, Luigi; Saporta-Eksten, Itay - 2014
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that …
Persistent link: https://www.econbiz.de/10011605701
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Trade, productivity improvements and welfare: an endogenous market structure framework
Montinari, Letizia - 2013
In this paper, I investigate the welfare effects that developed countries experience after productivity improvements …, higher average productivity and higher welfare. Productivity improvements in the emerging country generate selection and … raise welfare everywhere, with both the selection effect and the positive welfare effect being stronger in the emerging …
Persistent link: https://www.econbiz.de/10011605669
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Wealth shocks, credit-supply shocks, and asset allocation: evidence from household and firm portfolios
Kick, Thomas; Onali, Enrico; Ruprecht, Benedikt; … - 2014
We use a unique dataset with bank clients’ security holdings for all German banks to examine how macroeconomic shocks affect asset allocation preferences of households and non-financial firms. Our analysis focuses on two alternative mechanisms which can influence portfolio choice: wealth...
Persistent link: https://www.econbiz.de/10011605707
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Wealth Shocks, Credit-Supply Shocks, and Asset Allocation : Evidence from Household and Firm Portfolios
Kick, Thomas K. - 2014
We use a unique dataset with bank clients' security holdings for all German banks to examine how macroeconomic shocks affect asset allocation preferences of households and non-financial firms. Our analysis focuses on two alternative mechanisms which can influence portfolio choice: wealth shocks,...
Persistent link: https://www.econbiz.de/10013057161
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Inflation heterogeneity across households
Kiss, Regina; Strasser, Georg - 2024
behaviour-driven and largely detached from the relative price. The dispersion of the household-level elasticity of substitution …
Persistent link: https://www.econbiz.de/10014543685
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Buffer-stock saving in a Krusell-Smith world
Carroll, Christopher D.; Slacalek, Jiri; Tokuoka, Kiichi - 2014
A large body of microeconomic evidence supports Friedman (1957)'s proposition that household income can be reasonably well described as having both transitory and permanent components. We show how to modify the widely-used macroeconomic model of Krusell and Smith (1998) to accommodate such a...
Persistent link: https://www.econbiz.de/10011605678
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The Distribution of wealth and the MPC: implications of new European data
Carroll, Christopher D.; Slacalek, Jiri; Tokuoka, Kiichi - 2014
ranges between 0.1 and 0.4 and is stronger (i) in economies with large wealth inequality, where a larger proportion of …
Persistent link: https://www.econbiz.de/10011605693
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The distribution of wealth and the marginal propensity to consume
Carroll, Christopher D.; Slacalek, Jiri; Tokuoka, Kiichi - 2014
dynamics. When the model is modified in a way that permits it to match empirical measures of wealth inequality in the U.S., we …
Persistent link: https://www.econbiz.de/10011605700
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Household heterogeneity in the euro area since the onset of the great recession
Ampudia, Miguel; Pavlickova, Akmaral; Slacalek, Jiri; … - 2014
We extend household-level data from the Household Finance and Consumption Survey using aggregate series and micro-simulations to investigate heterogeneity in the euro area. We quantify shocks to wealth, income and financial pressure faced by various categories of households since the onset of...
Persistent link: https://www.econbiz.de/10011605750
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The impact of housing non-cash income on the unconditional distribution of household income in Austria
Fessler, Pirmin; Rehm, Miriam; Tockner, Lukas - 2014
and evaluate their impact on the unconditional distribution of household income and selected inequality measures. We … using the equivalent rent approach leads to the strongest reduction in income inequality. …
Persistent link: https://www.econbiz.de/10011605763