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household savings rate and the U-shaped age-profile of savings …China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U … permanent variance of household income was stable, the transitory variance rose sharply. Based on these estimates, we calibrate …
Persistent link: https://www.econbiz.de/10013135632
compare effective average tax rates for different household types in France and Germany. Our analysis shows that the popular … in Germany, as it is often claimed in the public debate. We use two micro-data sets and a micro-simulation model to …. Actually, low income families with less than three children even fare better in terms of tax relief in Germany than in France …
Persistent link: https://www.econbiz.de/10012783380
In Germany, two observations can be made over the past 20 years: First, income inequality has been constantly … increasing while, second, the average household size has been declining dramatically. The analysis of income distribution relies … on equivalence-weighted incomes which take into account household size. Therefore, there is an obvious link between these …
Persistent link: https://www.econbiz.de/10013147547
the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …
Persistent link: https://www.econbiz.de/10013105997
income raises the likelihood of household spending on asset accumulation by about 2 percentage points while raising the share … of household expenditures on asset accumulation by 4 to 9 percent. These results suggest that both the level and the … predictability of remittance income should be given full consideration in the analysis of household expenditure patterns and in the …
Persistent link: https://www.econbiz.de/10013057908
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
Persistent link: https://www.econbiz.de/10012980277
combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting …
Persistent link: https://www.econbiz.de/10013098821
Past estimates of the effect of family income on child development have often been plagued by endogeneity and measurement error. In this paper, we use an instrumental variables strategy to estimate the causal effect of income on children's math and reading achievement. Our identification derives...
Persistent link: https://www.econbiz.de/10013104955
This paper examines labour supply adjustment – both hours worked and participation decisions. We focus on the response of each to financial shocks, employing data from the BHPS. Estimated responses are broadly consistent with models of self-insurance that incorporate labour supply flexibility....
Persistent link: https://www.econbiz.de/10013106965
While most studies on wealth inequality focus on the inequality between households, this paper examines the distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio-Economic Panel Study (SOEP). In married and cohabiting...
Persistent link: https://www.econbiz.de/10013074897