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paper builds on a growing literature that seeks to better document how and why wealth and SES are related. Specifically, we …-differences identification strategy. We estimate a parameter for acute illnesses (which should have a causal effect on wave-to-wave wealth … should be less causally related to wealth differences year-to-year). Additionally, we interact these health indicators with …
Persistent link: https://www.econbiz.de/10013128892
sources of household wealth has had a sizeable effect on reducing the inequality of wealth … wealth transfer and these accounted for about a quarter of their net worth. Over the lifetime, about 30 percent of households … could expect to receive a wealth transfer and these would account for close to 40 percent of their net worth near time of …
Persistent link: https://www.econbiz.de/10013129119
wealth and investment in health. Financial literacy is also correlated with wealth though it appears to be a weaker predictor …
Persistent link: https://www.econbiz.de/10013130966
Some commentators have argued that the housing crisis may harm labor markets because homeowners who owe more than their homes are worth are less likely to move to places that have productive job opportunities. I show that, in the available data, negative equity does not make homeowners less...
Persistent link: https://www.econbiz.de/10013131307
with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that … exception of Venezuela, significant increases in human capital enable comprehensive wealth to be maintained (and sustainability … per-capita comprehensive wealth …
Persistent link: https://www.econbiz.de/10013135234
found in the literature between cognitive ability, and in particular numeracy, and wealth, income constant. We have a number … suggest that causality is more likely to run from pension wealth to pension knowledge, rather than the other way around … forms of wealth. Rather, counting pensions in total wealth, those with more valuable pensions save more for retirement …
Persistent link: https://www.econbiz.de/10013136556
Research on intergenerational transmission of wealth has pointed to uncertainty -- about the date of one's own death …
Persistent link: https://www.econbiz.de/10013137648
rises in wealth in the cross-section of households in the Survey of Consumer Finances. For a given household, the portfolio … share can fall in response to an increase in wealth, even though the model implies decreasing relative risk aversion …
Persistent link: https://www.econbiz.de/10013138766
year. At the upper end of the wealth distribution, however, a substantial number of households could make large annuity …
Persistent link: https://www.econbiz.de/10013119048
Since World War II, direct stock ownership by households across the globe has largely been replaced by indirect stock ownership by financial institutions. We argue that tax policy is the driving force. Using long time-series from eight countries, we show that the fraction of household ownership...
Persistent link: https://www.econbiz.de/10013119343