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spells. In this paper I focus on focus on one form of resources, own wealth holdings. I find that the median worker has … tremendous heterogeneity in wealth holdings; almost one-third of workers can't even replace 10% of their income loss. Most … strikingly, ex-ante wealth holdings decline precipitously with realized unemployment durations, both absolutely and (especially …
Persistent link: https://www.econbiz.de/10012471436
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
who reside in Western countries, and those who inherited substantial wealth, are wealthier than other billionaires. The …
Persistent link: https://www.econbiz.de/10012660039
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
Focusing on bipolar disorder (BD), we investigate the link between mental health, creativity, and wealth. Analyzing … jobs. We also show people in the top decile of parental wealth are seven times as likely to work in creative professions … compared with the bottom decile. Yet, wealth differences only explain a small portion of the link between BD and creativity …
Persistent link: https://www.econbiz.de/10012660100
We use a sufficient statistic approach to quantify the general equilibrium effects of population aging on wealth … countries, we measure the compositional effect of aging: how a changing age distribution affects wealth-to-GDP, holding the age … wealth-to- GDP ratios, lower asset returns, and widen global imbalances through the twenty-first century. These conclusions …
Persistent link: https://www.econbiz.de/10012616609
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
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
important as those raised by Modigilani suggest that our method produces an overestimate of the importance of life cycle wealth …
Persistent link: https://www.econbiz.de/10012477249
We make the distinction between bequests that are planned as part of some lifetime optimization stemming from a bequest motive, and those that are unplanned and result when the date of death differs from what the consumer might forecast. Lifetime optimization should lead to a negative effect or...
Persistent link: https://www.econbiz.de/10012477590