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Estimates of UK income inequality trends differ substantially according to whether estimates are based on household survey data (used for official statistics) or tax return data (used in the top incomes literature). We reconcile differences in variable definitions and combine survey and tax...
Persistent link: https://www.econbiz.de/10012456682
The wealthy hand-to-mouth are households who hold little or no liquid wealth (cash, checking, and savings accounts … accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K., Germany, France, Italy, and …
Persistent link: https://www.econbiz.de/10012458591
and pension wealth - for two countries: the United States and Germany. Pension wealth makes up a considerable portion of … household wealth: about 48% in the United States and 61% in Germany. The higher share in Germany narrows the wealth gap between … Germany, augmented wealth (US$651,000) is only 1.4 times higher. Further, the inclusion of pension wealth in household wealth …
Persistent link: https://www.econbiz.de/10012455437
and affects the overall effectiveness of forward guidance. We find that the central banks of the U.S., the U.K., Germany …, and other major advanced economies have similar levels of credibility (albeit far from full credibility); however, Japan …
Persistent link: https://www.econbiz.de/10014421202
We investigate the employment consequences of deindustrialization for 1,993 cities in France, Germany, Great Britain …, Italy, Japan, and the United States. In all six countries we find a strong negative relationship between a city's share of …
Persistent link: https://www.econbiz.de/10014447269
We pursue a cross-country comparison of relative financial readiness of older households in Japan and the Republic of … risky financial portfolios. We find that educational and health attainments of household heads and household wealth lead to …
Persistent link: https://www.econbiz.de/10012814424
intergenerational transfers, an issue of current controversy. In both Japan and the United States, a substantial portion of wealth, and … the United States and Japan. Second, we use tax data to estimate the magnitude of intergenerational transfers. The … magnitude of intergenerational transfers provides aid in determining how much outstanding wealth is obtained through …
Persistent link: https://www.econbiz.de/10012475314
We show how to recover the money-metric utility function, which converts income at one point in time into equivalent income at another point in time, using repeated cross-sectional household data. Our procedure allows unrestricted preferences, but requires that households' preferences be the...
Persistent link: https://www.econbiz.de/10013435111
, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job …
Persistent link: https://www.econbiz.de/10012660077
.S transit agencies with transit agencies in Germany and the United Kingdom. We study U.S urban public sector energy efficiency …
Persistent link: https://www.econbiz.de/10013190994