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reduction in homeownership across generations. Lower-income households find it harder to buy housing, and as a result accumulate …
Persistent link: https://www.econbiz.de/10012426310
This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio …
Persistent link: https://www.econbiz.de/10011921470
decomposing disposable income into labour, property and transfer income is essential for understanding and forecasting consumption …. Finally, substantial crosscountry heterogeneity in marginal propensities to consume out of income and wealth components calls …
Persistent link: https://www.econbiz.de/10012135921
Persistent link: https://www.econbiz.de/10011349810
Persistent link: https://www.econbiz.de/10010441242
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 …
Persistent link: https://www.econbiz.de/10012477955
Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … 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/10012480471
process using two data sets: the Panel Study of Income Dynamics and a large, synthetic, data set that matches the dynamics of …
Persistent link: https://www.econbiz.de/10012456755
Macroeconomic aggregates on households' wealth have a long tradition and are widely used to analyse and compare economies, yet they do not provide any information about the distribution of assets and liabilities within the population. The Household Finance and Consumption Survey (HFCS)...
Persistent link: https://www.econbiz.de/10011864184
We estimate the long- and short-run relationship between top income and wealth shares for France and the US since 1913 … to a reduction of the long-run gap between wealth and income inequality compared to the period before. In the short …-run, income inequality drives wealth inequality, while the converse link is weaker and slower. Using counterfactual simulations …
Persistent link: https://www.econbiz.de/10011929816