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social capital as wealth. This is used to argue, given what we have learned in the literature on social capital, that the … World Poll, we present a range of estimates of social trust's wealth-equivalent values. The estimates of the wealth embodied … social trust is an important component of total wealth in all regions and country groupings, there are nonetheless big …
Persistent link: https://www.econbiz.de/10012456123
By 1992, pensions and retiree health insurance represented one quarter of the wealth of families on the verge of … total wealth of each household in the Health and Retirement Study by $67,000 in 1992 dollars, raising wealth from employer … benefits among covered workers. All classes of wealth holders enjoyed increased wealth from employer provided retirement plans …
Persistent link: https://www.econbiz.de/10012471464
This paper uses administrative tax data to estimate top wealth in the United States. We assemble new data that links … that twenty percent of total pass-through business wealth accrues to those with losses. We combine this new data on fixed … income and pass-through business returns with refined estimates of C-corporation equity, housing, and pension wealth to …
Persistent link: https://www.econbiz.de/10012660052
well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … extreme wealth inequality in society …
Persistent link: https://www.econbiz.de/10012814468
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/10012477955
benefits on private savings. The Retirement History Survey combines survey evidence on the wealth of couples in their early … extended life cycle model as a theory of asset accumulation and indicate a substantial substitution of social security wealth … for private wealth accumulation …
Persistent link: https://www.econbiz.de/10012478660
earnings, the traditional measure, and in human wealth, the measure suggested by recent literature. A second objective is to … wealth inequality as well as the overall contribution of these variables combined. A unique feature of this study is the … estimation of earnings and human wealth and their distribution for a group of men for which several age-earnings data points are …
Persistent link: https://www.econbiz.de/10012479046
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 …
Persistent link: https://www.econbiz.de/10012480471
top wealth shares in the United States over the course of the past century. Our model generates a time path for top wealth … Nieuwerburgh (2016) over the past 100 years. We also show that consideration of family firms contributes not only to overall wealth … inequality, but also to considerable upward and downward mobility of families within the distribution of wealth. We interpret our …
Persistent link: https://www.econbiz.de/10012481320
It is widely recognised that household surveys do not fully capture the incomes of the very richest individuals and households, particularly those among the so-called "top 1%", for reasons including non-response and under-reporting. As a consequence, estimates based on survey data alone...
Persistent link: https://www.econbiz.de/10012481436