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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
Fertility has long been declining in industrialised countries and the existence of public pension systems is considered as one of the causes. This paper provides detailed evidence based on historical data on the mechanism by which a public pension system depresses fertility. Our theoretical...
Persistent link: https://www.econbiz.de/10013047746
We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...
Persistent link: https://www.econbiz.de/10012842350
Increasing fragmentation of production across borders is changing the nature of international competition. As a result, conventional indicators of competitiveness based on gross exports become less informative and new measures are needed. In this paper we propose an ex-post accounting framework...
Persistent link: https://www.econbiz.de/10013072991
sets of results. First, house price returns in Europe are generally characterized by three (high, medium and low) phases …
Persistent link: https://www.econbiz.de/10013072994
both bank and country-level data. As outright bank failures have been rare in Europe, the paper introduces a novel dataset …
Persistent link: https://www.econbiz.de/10013074637
Lobbying can provide policy makers with important sector-specific information and thereby facilitating informed decisions. If going far beyond this, in particular if successfully influencing policy makers to unnecessarily tighten regulation or not opening already excessively regulated markets,...
Persistent link: https://www.econbiz.de/10012954407
This paper illustrates the main features of the Labour Module of the CompNet dataset which provides indicators of firm growth over the period 1995-2012 across 17 EU (13 euro area) countries and 9 macro-sectors. It also includes information on a large set of micro-aggregated characteristics of...
Persistent link: https://www.econbiz.de/10012957982
In this paper, we develop an analytical framework for conducting forward-looking assessments of profitability and solvency of the main euro area insurance sectors. We model the balance sheet of an insurance company encompassing both life and non-life business and we calibrate it using country...
Persistent link: https://www.econbiz.de/10012961958
Europe may at least partly stem from bank forbearance. The increasing survival of zombie firms congests markets and … strengthening efforts and insolvency regime reform would contribute to breaking the shackles on potential growth in Europe …
Persistent link: https://www.econbiz.de/10012892781