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been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth … is virtually zero and that of financial assets wealth is positive, increasing the retirement probability. The … reinforced by wealth and earned income …
Persistent link: https://www.econbiz.de/10013058740
drastically after this point. They also apply a new instrument, changes in house prices, for wealth in the entry equation, and … show that instrumented wealth is not a significant determinant of entry. We reinterpret these findings: first, we …
Persistent link: https://www.econbiz.de/10013317539
This paper examines the influence of parental wealth and income on children's college attendance and parental financing … parents and children. We find that higher levels of parents' wealth and income increase the likelihood that children attend … college with financial support relative to not attending college, and that parental wealth increases the likelihood that …
Persistent link: https://www.econbiz.de/10012909979
limited access to mortgage finance, and are less eligible for low-cost housing. A simple model demonstrates that for these … reasons, rural- to-urban migrants are less likely to own housing units in cities and as a result accumulate less wealth. Our … rural hukou owns 310 thousand yuan less housing wealth and 213 thousand yuan less total wealth than comparable household …
Persistent link: https://www.econbiz.de/10013315024
We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical …
Persistent link: https://www.econbiz.de/10013316960
Some studies on child labor have shown that greater land wealth leads to higher child labor, thereby casting doubt on …
Persistent link: https://www.econbiz.de/10013317127
Wealth is highly correlated between parents and their children; however, little is known about the extent to which … these relationships are genetic or determined by environmental factors. We use administrative data on the net wealth of a … relationship between the wealth of adopted and biological parents and that of the adopted child, we find that, even prior to any …
Persistent link: https://www.econbiz.de/10013016265
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that, with the exception of …
Persistent link: https://www.econbiz.de/10013016356
We study the causal relation between private wealth and retirement age. We propose two estimation strategies based on … heterogeneity in the disutility of work by using panel data techniques. Next, we exploit information on expected wealth accumulation … in order to identify the unexpected component in wealth accumulation. In line with the literature we find a small but …
Persistent link: https://www.econbiz.de/10013135647
particular interest to economists, namely income and wealth and (b) to discuss issues in relation to their use, in particular … with respect to missing data. We describe how the income and wealth data were collected. We assess the quality of the … the relationship between income/wealth and life satisfaction, another variable captured in TILDA. We find that income and …
Persistent link: https://www.econbiz.de/10013081818