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We study the implications of individual heterogeneity for occupational mobility and the evolution of wealth … convexities in educational investment. Whether and under which conditions private wealth accumulation leads to the elimination of … the effects of credit market imperfections is also studied. In the cases where steady states feature wealth and …
Persistent link: https://www.econbiz.de/10010989210
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This paper examines the consequences of specification error when transition matrices are used to analyse patterns of intergenerational mobility. We show that classical measurement error in both the child’s and parent’s earnings can lead to biased results, with summary mobility measures...
Persistent link: https://www.econbiz.de/10005711615
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value of one's own home (home equity) is the largest financial reserve in a household's wealth portfolio, it is important to …
Persistent link: https://www.econbiz.de/10011725446
around 0.25, so that the two preferences are nonetheless far from identical. In addition, the elasticity of children’s wealth … with respect to that of their parents is around 0.22. This correlation is corrected for the influence of age on wealth, and … intergenerational transmission of wealth inequalities, but is far from being the most important factor. Copyright Springer Science …
Persistent link: https://www.econbiz.de/10010989209
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impression that American households have done well, particularly in terms of wealth acquisition. In this paper, we develop the …
Persistent link: https://www.econbiz.de/10005711557
impression that American households have done well, particularly in terms of wealth acquisition. In this paper, we develop the …
Persistent link: https://www.econbiz.de/10005711565
Persistent link: https://www.econbiz.de/10008926050