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The Distribution of Wealth and the MPC : Implications of New European Data

Carroll, Christopher D. - 2014

Using new micro data on household wealth from fifteen European countries, the Household Finance and Consumption Survey, we first document the substantial cross-country variation in how various measures of wealth are distributed across individual households. Through the lens of a standard,...

Persistent link: https://www.econbiz.de/10013058553

Inequality and Relative Saving Rates at the Top

Lieberknecht, Philipp; Vermeulen, Philip - 2021

We estimate the long- and short-run relationship between top income and wealth shares for France and the US since 1913 … countries, we estimate a decline in the relative saving rates at the top - after 1968 in France and 1983 in the US, equivalent … the US contributed to a more subdued rise in wealth inequality in France …

Persistent link: https://www.econbiz.de/10013315379

Is the Top Tail of the Wealth Distribution the Missing Link Between the Household Finance and Consumption Survey and National Accounts?

Chakraborty, Robin; Kavonius, Ilja Kristian; … - 2021

The financial accounts of the household sector within the system of national accounts report the aggregate asset holdings and liabilities of all households within a country. In principle, when household wealth surveys are explicitly designed to be representative of all households, aggregating...

Persistent link: https://www.econbiz.de/10013315397

Wealth and Income in the Euro Area : Heterogeneity in Households' Behaviours?

Arrondel, Luc - 2014

the wealth distribution in France, Finland, Germany, Greece, Italy, Slovakia and Spain. The relative effect of income or …

Persistent link: https://www.econbiz.de/10013053420

Wealth Differences across Borders and the Effect of Real Estate Price Dynamics : Evidence from Two Household Surveys

Mathae, Thomas - 2014

Crossing borders, be it international or regional, often go together with price, wage or indeed wealth discontinuities. This paper identifies substantial wealth differences between Luxembourg resident households and cross-border commuter households despite their similar incomes. The average...

Persistent link: https://www.econbiz.de/10013055306

Household Wealth in the Euro Area : The Importance of Intergenerational Transfers, Homeownership and House Price Dynamics

Mathae, Thomas - 2014

Results from the Eurosystem Household Finance and Consumption Survey reveal substantial variation in household net wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth accumulation process, i) homeownership, ii) housing value...

Persistent link: https://www.econbiz.de/10013054675

The Distribution of Wealth and the Marginal Propensity to Consume

Carroll, Christopher D. - 2014

We present a macroeconomic model calibrated to match both microeconomic and macroeconomic evidence on household income dynamics. When the model is modified in a way that permits it to match empirical measures of wealth inequality in the U.S., we show that its predictions (unlike those of...

Persistent link: https://www.econbiz.de/10013057669

Is the Financial Market Driving Income Distribution? – an Analysis of the Linkage between Income and Wealth in Europe

Kavonius, Ilja Kristian; Törmälehto, Veli-Matti - 2022

Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated, and valuations of financial assets follow international patterns, which has contributed to large increases in financial wealth over the past 25 years. Nonetheless, this has not...

Persistent link: https://www.econbiz.de/10013403074

Missing the wealthy in the HFCS: Micro problems with macro implications

Chakraborty, Robin; Waltl, Sofie R. - 2018

Macroeconomic aggregates on households' wealth have a long tradition and are widely used to analyse and compare economies, yet they do not provide any information about the distribution of assets and liabilities within the population. The Household Finance and Consumption Survey (HFCS)...

Persistent link: https://www.econbiz.de/10011916867

Micro and macro analysis on household income, wealth and saving in the euro area

Honkkila, Juha; Kavonius, Ilja Kristian - 2013

The report on the Measurement of Economic Performance and Social Progress by Stiglitz, Sen and Fitoussi concludes that in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth, from both the micro as well as the macro perspective....

Persistent link: https://www.econbiz.de/10011605664

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