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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 … of death. However, there is little evidence of an inheritance “boom.” In fact, from 1989 to 2007, the share of households …
Persistent link: https://www.econbiz.de/10013130151
households' relative wealth position show that, on average, having received an inheritance lifts a household by about 14 net …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 …
Persistent link: https://www.econbiz.de/10013014961
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
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 … of death. However, there is little evidence of an inheritance “boom.” In fact, from 1989 to 2007, the share of households …
Persistent link: https://www.econbiz.de/10011605346
This paper provides new insights on the effect of inheritance receipt on retirement. We build on lifelong information … on inheritances received and labor market transitions available for respondents of the French Wealth Survey. This feature …
Persistent link: https://www.econbiz.de/10012894812
Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that allowing for these rich features of earnings dynamics, in the context of a structurally estimated life-cycle portfolio choice model, helps to rationalize the limited participation...
Persistent link: https://www.econbiz.de/10014348942
We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...
Persistent link: https://www.econbiz.de/10013130142
The financial crisis clearly illuminated the potential amplifying role of financial factors on macroeconomic developments. Indeed, the heavy impairments of banks' balance sheets brought to the fore the banking sector's ability to provide a smooth flow of credit to the real economy. However, most...
Persistent link: https://www.econbiz.de/10013137813
We study the transmission of liquidity shocks in a dynamic general equilibrium model where firms and households are subject to liquidity risk. The provision of liquidity services is undertaken by financial intermediaries that allocate the stock of liquid asset between the different sectors of...
Persistent link: https://www.econbiz.de/10013086095
Based on survey data covering 8,387 firms in 20 countries we compare credit demand and credit supply for firms in Eastern Europe to those for firms in selected Western European countries. We find that firms in Eastern Europe have a higher need for credit than firms in Western Europe, and that a...
Persistent link: https://www.econbiz.de/10013092032