Showing 1 - 10 of 407
between initial wealth and entrepreneurship. However, in a recent paper Hurst and Lusardi (2004) use higher order of … polynomials in wealth and find that there is no relationship between household initial wealth and the probability of starting an … own business throughout most of the wealth distribution in the United States. In this paper we examine this relationship …
Persistent link: https://www.econbiz.de/10010321582
This paper provides empirical evidence on life-cycle patterns in the asset allocation of Swedish households. Data on household portfolio allocation are collected from the HINK surveys for the period 1982-1992, and portfolio shares of different asset categories are regressed on age, period, and...
Persistent link: https://www.econbiz.de/10010321812
Much of the macroeconomics literature dealing with wealth distribution has become abstracted from modeling housing … explicitly. This paper investigates the properties of the wealth distribution and the portfolio composition regarding housing and … agents differ in age, income, and wealth and derive utility from housing services. The model is consistent with several facts …
Persistent link: https://www.econbiz.de/10010397707
wealth accumulation in these two countries can be enlightening. In this paper we examine wealth inequality and mobility in … Sweden and the United States over the past decade. We show that wealth inequality has been significantly greater in the U …. In addition to less inequality and a higher median wealth, we also show that wealth quintile mobility in the 1990's has …
Persistent link: https://www.econbiz.de/10010321756
kink allows me to identify how UI affect the use of private wealth to finance consumption during unemployment spells. Using … significantly larger liquid wealth than men and young singles. …
Persistent link: https://www.econbiz.de/10010321386
We examine the role of declining mortality in explaining the rise of retirement over the course of the 20th century. We … of death. In an environment in which mortality is high, an individual who saved up for retirement would face a high risk …. As mortality falls, however, it becomes optimal to plan, and save for, retirement. We simulate our model using actual …
Persistent link: https://www.econbiz.de/10010319000
I investigate the effect of income on mortality of the pensioners, com- paring three subsequent policy periods in …- come on health. I estimate that lower pension did not change the mortality rate. The results are confirmed using both … experiments and different meth- ods of estimation. Furthermore, with regard to the expenditure on health services, I get that only …
Persistent link: https://www.econbiz.de/10010294890
Since the sinking of the Titanic, there has been a widespread belief that the social norm of 'women and children first' gives women a survival advantage over men in maritime disasters, and that captains and crew give priority to passengers. We analyze a database of 18 maritime disasters spanning...
Persistent link: https://www.econbiz.de/10010321473
very old (75+). We also study excess-mortality conditional on the mode of OAC. Three forms of publicly provided OAC are … mortality among cohabitants with home-help services, while it is higher among cohabitants with special accommodation. Our …
Persistent link: https://www.econbiz.de/10010321629
for the period of the Ghost Months reductions in mortality, hospital admissions, and births. While the effect on mortality …
Persistent link: https://www.econbiz.de/10012140925