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study of household finance is challenging because household behavior is difficult to measure accurately, and because …
Persistent link: https://www.econbiz.de/10012466506
This paper documents the share of investable wealth that middle-class U.S. investors hold in the stock market over their working lives. This share rises modestly early in life and falls significantly as people approach retirement. Prior to 2000, the average investor held less of their investable...
Persistent link: https://www.econbiz.de/10013172180
rises in wealth in the cross-section of households in the Survey of Consumer Finances. For a given household, the portfolio …
Persistent link: https://www.econbiz.de/10012462341
participants. These patterns conceal strong household-level evidence of active rebalancing, which on average offsets about one half …
Persistent link: https://www.econbiz.de/10012464470
population that were household heads rose from 29.5 to 36.3. While some of this increase was due to the maturing of the"baby boom … sharply for the under 34 population. This paper explains household formations due to changes in headship rates in terms of …
Persistent link: https://www.econbiz.de/10012477700
in labor force participation has been accompanied by changes in allocation of time to various activities in the household … as well. Since the proportion of women in the labor force has been rising, the average amount of time input to household … tasks by all women has been declining over the last 50 years. It is valuable to analyze this in the household production …
Persistent link: https://www.econbiz.de/10012479098
Over the past century fertility behavior in the United Stated has undergone profound changes Measured by cohort fertility the average number of children per married woman had declined from about 5.5 children at the time of the Civil War to 2.4 children at the time of the Great Depression. It is...
Persistent link: https://www.econbiz.de/10012479104
I characterize a dynamic economy under general distributions of households' risk tolerance, endowments, and beliefs about long-term growth. As the economy expands and the stock market rises (a) the fraction of households with declining consumption-share increases; (b) the wealth-share of high...
Persistent link: https://www.econbiz.de/10012479404
has produced a set of conflicting results. Does household electrification lead to measurable gains in living standards or … connect for free. We conclude that access to household electrification alone is not enough to drive meaningful gains in …
Persistent link: https://www.econbiz.de/10012480472
household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the … number of adults in a household have fallen dramatically. We develop a simple theory of household size where living with … others is beneficial solely because the costs of household public goods can be shared. In other words, we abstract from intra …
Persistent link: https://www.econbiz.de/10012463172