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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
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
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
Retirement wealth is often viewed as a great equalizer, offsetting the inequality in standard household net worth. One … considerably weaker offsetting effect on wealth inequality in 2001 than in 1983. Whereas standard net worth inequality increased … modestly between 1983 and 2001, the inequality of augmented wealth (the sum of retirement wealth and net worth) surged from …
Persistent link: https://www.econbiz.de/10010266432
Piketty (2017) argues in favor of a multidimensional and relational approach to the analysis of wealth inequality … countries. We discuss many potential advantages of this class typology in measuring and analyzing wealth and wealth inequality … approach by focusing on different functions of wealth. We operationalize functions of wealth by empirically analyzing the …
Persistent link: https://www.econbiz.de/10013370140
household's total command over economic resources in the six years between 1999 and 2005. Although inequality in economic well …
Persistent link: https://www.econbiz.de/10010281720
evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth …
Persistent link: https://www.econbiz.de/10012144236
This paper focuses on three issues. First, it analyses the increasing inequality of wealth in Sweden in terms of … percentile age and birth cohort differences. Second, it discusses mobility of wealth as a function of age, length of the … bequests. Estimates are given of their share of total net worth, and of their contribution to the inequality and mobility of …
Persistent link: https://www.econbiz.de/10010321808
findings indicate that family wealth inequality - even in a comparatively egalitarian context like Sweden - has profound …-term consequences of wealth inequality may be conservative for nations other than Sweden, like the U.S., where family wealth - in …We study the role of family wealth for children's educational achievement using novel and unique Swedish register data …
Persistent link: https://www.econbiz.de/10012039324
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk …
Persistent link: https://www.econbiz.de/10011927992