Showing 1 - 10 of 7,109
Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …
Persistent link: https://www.econbiz.de/10013246526
Using data from both the Survey of Consumer Finances (SCF) and the Panel Study of Income Dynamics (PSID), we found that … 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
Using Danish administrative data, we estimate the impact of bequests on the level and inequality of wealth. We employ … an event study design where we follow the distribution of wealth over time of people who are 45-50 years old, and divide … the average post-bequest wealth 1-3 years after parental death and significantly affect wealth throughout the distribution …
Persistent link: https://www.econbiz.de/10013001196
. We disentangle, roughly, the contribution of inheritance, age and stochastic rates of capital return to wealth inequality …We present a mechanism to analytically generate a double Pareto distribution of wealth in a continuous time OLG model …, in particular to the Gini coefficient. We investigate the role of the fiscal and redistributive policies for wealth …
Persistent link: https://www.econbiz.de/10012759110
This paper describes the real wealth accumulation of American youth and relates this behavior to variations in real … price have two offsetting effects on wealth. First, the greater the local constant-quality price of housing, the greater the … wealth needed to meet the lender imposed down payment constraint if housing demand is price inelastic. However, increased …
Persistent link: https://www.econbiz.de/10012756067
process using two data sets: the Panel Study of Income Dynamics and a large, synthetic, data set that matches the dynamics of … the data and better fits the savings of the households at the bottom 60% of the wealth distribution …
Persistent link: https://www.econbiz.de/10013000507
Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … U.S. over the last two decades. Contrary to our expectations, we find that in both countries wealth volatility reaches … significantly higher values than income volatility, the effect being mostly driven by changes in the market value of real estate …
Persistent link: https://www.econbiz.de/10012858042
Households hold vastly heterogenous amounts of wealth when they reach retirement, and differences in lifetime earnings … wealth dispersion at retirement, in the context of a rich quantitative model. Modeling voluntary bequests, and realistically … calibrating them, not only generates more wealth dispersion at retirement and reduces the correlation between retirement wealth …
Persistent link: https://www.econbiz.de/10013055193
. Nonetheless, the model generates a realistic ration of aggregate wealth to aggregate labor income, a realistic bequest flow …. Intergenerational wealth immobility, also considered here, is primarily determined by the inheritance of skills from one's parents and … transmission of U.S. wealth inequality via bequests. The model features marriage, realistic fertility patterns, random death …
Persistent link: https://www.econbiz.de/10013215698
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