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The Impact of Intergenerational Transfers on the Distribution of Wealth : An International Comparison
Horioka, Charles - National Bureau of Economic Research - 2024
In this paper, I analyze detailed data on intergenerational transfers in 4 countries (China, India, Japan, and the United States) from the "Japan Household Panel Survey on Consumer Preferences and Satisfaction (JHPS-CPS)" which has been conducted by the Institute of Social and Economic Research...
Persistent link: https://www.econbiz.de/10015094857
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Taxing Top Wealth : Migration Responses and their Aggregate Economic Implications
Jakobsen, Katrine; Kleven, Henrik Jacobsen; Kolsrud, Jonas - National Bureau of Economic Research - 2024
Using administrative data on wealth, firm ownership structure, and migration in Sweden and Denmark, we document international migration patterns among the very wealthy, their impact on the economy, and how they respond to wealth taxation. We show that more than 20% of taxpayers liable to pay...
Persistent link: https://www.econbiz.de/10014486244
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More Unequal We Stand? : Inequality Dynamics in the United States 1967-2021
Heathcote, Jonathan; Perri, Fabrizio; Violante, Giovanni L. - National Bureau of Economic Research - 2023
Heathcote et al. (2010) conducted an empirical analysis of several dimensions of inequality in the United States over …, the gender wage gap has kept shrinking. Both individual- and household-level income inequality have continued to rise at … the top, while the cyclical component of inequality dominates dynamics below the median. Inequality in consumption …
Persistent link: https://www.econbiz.de/10014322873
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Managing Mental Accounts : Payment Cards and Consumption Expenditures
Gelman, Michael; Roussanov, Nikolai - National Bureau of Economic Research - 2023
Does mental accounting matter for total consumption expenditures? We exploit a unique setting in which individuals exogenously received a new credit card, without requesting one. Using random variation in the time of receipt we show that individuals temporarily increase total consumption...
Persistent link: https://www.econbiz.de/10014337846
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Price Discrimination and Mortgage Choice
Coen, Jamie; Kashyap, Anil K.; Rostom, May - National Bureau of Economic Research - 2023
We characterize the large number of mortgage offers for which people qualify in the United Kingdom. Very few pick the cheapest option, nonetheless the one selected is not usually noticeably more expensive. A few borrowers make very expensive choices. These are most common when the menu they face...
Persistent link: https://www.econbiz.de/10014372409
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Top Income Inequality and Tax Policy
Delestre, Isaac; Kopczuk, Wojciech; Miller, Helen; … - National Bureau of Economic Research - 2022
The share of pre-tax income flowing to the top of the UK income distribution increased continually and substantially in the three decades leading up to the financial crisis, but has changed little since 2013. Using microdata sampled from UK tax records, we describe the nature of top incomes in...
Persistent link: https://www.econbiz.de/10013210046
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Population, Productivity, and Sustainable Consumption
Pindyck, Robert S. - National Bureau of Economic Research - 2022
How does the sustainable level of consumption depend on productivity growth and the size and growth rate of the population? What is the effect of uncertainty over these growth rates? I address these questions using a model in which productivity and population growth are stochastic, and social...
Persistent link: https://www.econbiz.de/10013210047
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Welfare and the Act of Choosing
Bernheim, Bert Douglas; Kim, Kristy; Taubinsky, Dmitry - National Bureau of Economic Research - 2024
The standard revealed-preference approach to welfare economics encounters fundamental difficulties when the act of choosing directly affects welfare through emotions such as guilt, pride, and anxiety. We address this problem by developing an approach that redefines consumption bundles in terms...
Persistent link: https://www.econbiz.de/10014512054
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Do People Report Happiness Accurately?
Andreoni, James; Bernheim, Bert Douglas; Jia, Tingyan - National Bureau of Economic Research - 2024
Validation of happiness measures is inherently challenging because subjective sensations are unobserved. We introduce a novel validation method: subjects report how happy they would feel (or did feel) after some specified event, as well as how they would respond (or would have responded) to a...
Persistent link: https://www.econbiz.de/10014512062
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Empirical Analyses of Selection and Welfare in Insurance Markets : A Self-Indulgent Survey
Einav, Liran; Finkelstein, Amy - National Bureau of Economic Research - 2023
This review article, which was solicited by the Geneva Risk and Insurance Review, surveys work that has been done using an empirical framework for analyzing selection in insurance markets developed by Einav, Finkelstein, and Cullen (2010). We briefly review that framework, and then describe a...
Persistent link: https://www.econbiz.de/10014250164