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The rise and fall of median wealth in the U.S.: A birth-cohort story
Jäger, Philipp; Schacht, Philip - 2023
declined from cohort to cohort while wealth inequality within birth cohorts increased markedly. A synthetic saving approach …We use recently published long-run microdata (SCF+) to investigate generational wealth dynamics in the U.S. over the … last seven decades. We document that the median wealth of people born in the first half of the 20th century increased from …
Persistent link: https://www.econbiz.de/10014438410
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The dynamics of earnings in Germany: Evidence from social security records
Bönke, Timm; Giesecke, Matthias; Lüthen, Holger - 2015
This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual earnings auto-covariances into a permanent and a transitory component. We employ data on complete earnings life cycles for prime age men born 1935 through 1974 that covers earnings...
Persistent link: https://www.econbiz.de/10011372081
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Do Wealthier Households Save More? – The Impact of the Demographic Factor
Belke, Ansgar; Dreger, Christian; Ochmann, Richard - 2012
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using … pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …
Persistent link: https://www.econbiz.de/10010287366
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Do Wealthier Households Save More? – The Impact of the Demographic Factor
Belke, Ansgar; Dreger, Christian; Ochmann, Richard - Rheinisch-Westfälisches Institut für … - 2012
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using … pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …
Persistent link: https://www.econbiz.de/10010556736
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Local Employer Competition and Training of Workers
Rzepka, Sylvi; Tamm, Marcus - 2013
The new training literature suggests that in a monopsonistic market employers will not only pay for firm-specific training but also for general training if the risk of poaching is limited. This implies that training participation should decrease when competition for employees is higher among...
Persistent link: https://www.econbiz.de/10010331097
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Does learning beget learning throughout adulthood? Evidence from employees' training participation
Kramer, Anica; Tamm, Marcus - 2016
Individuals with more years of education generally acquire more training later on in life. Such a relationship may be due to skills learned in early periods increasing returns to educational investments in later periods. This paper addresses the question whether the complementarity between...
Persistent link: https://www.econbiz.de/10011479750
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Reaching High: Occupational Sorting and Higher Education Wage Inequality in the UK
Kleibrink, Jan; Michaelsen, Maren M. - 2012
We analyse wage differentials between Higher Education graduates in the UK, differentiating between polytechnic and university graduates. Polytechnic graduates earned on average lower wages than university graduates prior to the UK Further and Higher Education Act of 1992. The reform changed the...
Persistent link: https://www.econbiz.de/10010289828
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Local Employer Competition and Training of Workers
Rzepka, Sylvi; Tamm, Marcus - Rheinisch-Westfälisches Institut für … - 2013
The new training literature suggests that in a monopsonistic market employers will not only pay for firm-specific training but also for general training if the risk of poaching is limited. This implies that training participation should decrease when competition for employees is higher among...
Persistent link: https://www.econbiz.de/10010734460
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Reaching High: Occupational Sorting and Higher Education Wage Inequality in the UK
Kleibrink, Jan; Michaelsen, Maren M. - Rheinisch-Westfälisches Institut für … - 2012
We analyse wage differentials between Higher Education graduates in the UK, differentiating between polytechnic and university graduates. Polytechnic graduates earned on average lower wages than university graduates prior to the UK Further and Higher Education Act of 1992. The reform changed the...
Persistent link: https://www.econbiz.de/10010598404
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What makes you "super-rich"? New evidence from an analysis of football players' earnings
Carrieri, Vincenzo; Principe, Francesco; Raitano, Michele - 2017
This article investigates the influence of performance, popularity and power on "superearnings" using a unique panel dataset of Italian football players built on various sources of data. Using OLS, Panel and Unconditional Quantile regression techniques, we find that detailed measures of these...
Persistent link: https://www.econbiz.de/10011619908