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about entrepreneurial saving decisions and their role in household wealth accumulation. First, entrepreneurial households … own a substantial share of household wealth and income, and this share increases throughout the wealth distribution and … studies of household saving decisions in general and of the savings decisions of wealthy or high-income households in …
Persistent link: https://www.econbiz.de/10012470843
We use data on stock portfolios of Norwegian households to show that stock market wealth increases entrepreneurship by … relaxing financial constraints. Our research design isolates idiosyncratic variation in household-level stock market returns … entrepreneurship. Higher wealth causally increases firm profitability, an indication that it relaxes would-be entrepreneurs' financial …
Persistent link: https://www.econbiz.de/10014635606
This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand … household income and asset market returns, has a differential impact on individuals within and across countries. Generally, poor …
Persistent link: https://www.econbiz.de/10012480733
We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey …
Persistent link: https://www.econbiz.de/10015056164
This paper explores the relationship between household marginal income tax rates, the set of assets that households own … surveys. The empirical findings suggest that a household's marginal tax rate has an important effect its asset allocation … decisions. The probability that a household owns tax-advantaged assets is strongly related to its tax rate on ordinary income …
Persistent link: https://www.econbiz.de/10012471393
total wealth of each household in the Health and Retirement Study by $67,000 in 1992 dollars, raising wealth from employer … provided pension benefits per household by 150 percent in real terms. Changes in retiree health benefits, which have only about …
Persistent link: https://www.econbiz.de/10012471464
If household portfolios are constrained by borrowing and short-sales restrictions asset markets, then alternative … retirement savings systems may affect household welfare by relaxing these constraints. This paper uses a calibrated partial …
Persistent link: https://www.econbiz.de/10012471771
, whose objective is fighting foreign armed groups. We find that foreign armed group attacks on household members are … household member or the village chief, smaller when the victim is another household in the village, and insignificant if the …
Persistent link: https://www.econbiz.de/10012510592
results suggest a potential downside of using household credit as stimulus in emerging markets …
Persistent link: https://www.econbiz.de/10012660064
Mortgage cramdown enabled bankruptcy judges to discharge the underwater portion of a mortgage during Chapter 13 bankruptcy before the Supreme Court disallowed this practice in 1993. We exploit the random assignment of cases to judges to quantify the ex-post effects of Chapter 13 bankruptcy over...
Persistent link: https://www.econbiz.de/10012585384