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Roads to equality: wealth distribution dynamics with public-private capital complementarity

Ferreira, Francisco H. G. - London School of Economics (LSE) - 1995

inequality of opportunity, as well as to greater output. This provides an additional rationale for an active role for the …

Persistent link: https://www.econbiz.de/10010746233

A reconciliation of two alternative approaches towards buffer stock saving

Michaelides, Alexander - London School of Economics (LSE) - 2003

This paper shows that the two main models in the buffer stock saving literature can be nested in a model that varies the level of available social insurance. Equivalently, the assumption about the time series process for labor income (and social insurance during unemployment) is crucial in...

Persistent link: https://www.econbiz.de/10010745934

Do households use home-ownership to insure themselves? Evidence across U.S. cities

Amior, Michael; Halket, Jonathan - London School of Economics (LSE) - 2014

Are households more likely to be homeowners when “housing risk” is higher? We show that home-ownership rates and loan-to-value (LTV) ratios at the city level are strongly negatively correlated with local house price volatility. However, causal inference is confounded by house price levels,...

Persistent link: https://www.econbiz.de/10011126690

Credit card debt and default over the life-cycle

Lopes, Paula - London School of Economics (LSE) - 2003

This paper solves an empirically parameterised model of life-cycle consumption which extends the precautionary savings models of Carroll (1997), and Deaton (1991), to allow for uncollaterized borrowing and default. In case households choose to default: (i) their access to credit markets is...

Persistent link: https://www.econbiz.de/10011071178

The risk of divorce and household saving behavior

González, Libertad; Özcan, Berkay - London School of Economics (LSE) - 2008

We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a theoretical perspective, the expected sign of the effect is ambiguous. We take advantage of the legalization of divorce in Ireland in 1996 as an exogenous increase in the likelihood of...

Persistent link: https://www.econbiz.de/10011071224

The magnitude and correlates of inter-vivos transfers in the UK

Karagiannaki, Eleni - London School of Economics (LSE) - 2011

This paper uses data from the British Household Panel Survey and the Attitudes to Inheritances Survey to estimate the magnitude of and the factors that are correlated with private inter-household transfers from parents to their adult children in the UK. Our evidence suggests that inter vivos...

Persistent link: https://www.econbiz.de/10011071119

Measuring income risk

Burgess, Simon; Gardiner, Karen; Jenkins, Stephen P.; … - London School of Economics (LSE) - 2000

We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income risk of demographic and labour market factors....

Persistent link: https://www.econbiz.de/10011126475

Growth and inequality: a demographic explanation

Miyazawa, Kazutoshi - London School of Economics (LSE) - 2005

This paper investigates the relationship between growth and inequality from a demographic point of view. In an extended … inequality is at first positive and then may be negative in the process of population aging. The results are consistent with the …

Persistent link: https://www.econbiz.de/10010928630

Inequality in Greece: an analysis by income source

Papatheodorou, Christos - London School of Economics (LSE) - 1998

This paper employs a decomposition analysis of inequality by income source to understand and explain particular aspects … of income inequality in Greece. The results suggest that entrepreneurial income is the most significant contributor to … overall inequality in Greece. It is also shown that there is a weak redistributive impact of taxes and social security …

Persistent link: https://www.econbiz.de/10010928797

Decomposing inequality in Greece: results and policy implications

Papatheodorou, Christos - London School of Economics (LSE) - 2000

income inequality in Greece. This analysis is quite revealing for understanding and explaining income idfferences among … certain population subgroups with apparent policy implications. The degree to which overall inequality is attributable to … inequality between these sub groups or to inequality within them is investigated, employing a decomposition analysis by …

Persistent link: https://www.econbiz.de/10010745031

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