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Using a new nationally representative survey of financial capability and experience in the UK and Ireland, I …
Persistent link: https://www.econbiz.de/10013130145
Keynesian (HANK) model. The model yields empirically realistic distributions of household wealth and marginal propensities to …
Persistent link: https://www.econbiz.de/10012992430
Using a new nationally representative survey of financial capability and experience in the UK and Ireland, I …
Persistent link: https://www.econbiz.de/10011605349
We analyse the effect of shocks to housing wealth and income before and after the Great Recession. We combine datasets … containing information on expenditure, income, wealth and debt in a synthetic panel to understand how household indebtedness … affects the response to income and wealth shocks.We find evidence for both a housing wealth effect and income shocks …
Persistent link: https://www.econbiz.de/10012422051
likely to have invested in the stock market and thus are less likely to report losses in wealth. Yet, individuals with low …
Persistent link: https://www.econbiz.de/10013130155
Savings accounts are owned by most households, but little is known about the performance of households' investments. We create a unique dataset by matching information on individual savings accounts from the DNB Household Survey with market data on account-specific interest rates and...
Persistent link: https://www.econbiz.de/10013014617
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
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 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
dynamics. When the model is modified in a way that permits it to match empirical measures of wealth inequality in the U.S., we … how the shock is distributed across categories of households (e.g., low-wealth versus high-wealth households) …
Persistent link: https://www.econbiz.de/10013057669