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LTV/DSTI limits can increase inequality at introduction, they can dampen the increase in inequality under adverse … borrower-based measures have a moderate negative welfare impact in terms of wealth inequality and a negligible impact on income … inequality. …
Persistent link: https://www.econbiz.de/10012547560
We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...
Persistent link: https://www.econbiz.de/10012156487
We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive … inside Europe we document substantial differences. Furthermore, average risk aversion is strongly correlated with the share … explainable by household characteristics as well as differences in risk aversion and a remainder. We employ the unexplained part …
Persistent link: https://www.econbiz.de/10011997521
homogeneous MPC rates. Consumption inequality is countercyclical in this setting and a high degree of leverage amplifies the …
Persistent link: https://www.econbiz.de/10012622812
which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio … contrast, monetary policy has only negligible effects on wealth inequality. …
Persistent link: https://www.econbiz.de/10011921470
affects income and wealth inequality. We then illustrate quantitatively how various channels of transmission - net interest …
Persistent link: https://www.econbiz.de/10011877402
differences in the prices paid for the same product and differences in the household-specific variety choice within a category … household behaviour, a significant and time-varying inflation difference between income groups emerges. Substitution is strongly … behaviour-driven and largely detached from the relative price. The dispersion of the household-level elasticity of substitution …
Persistent link: https://www.econbiz.de/10014484471
households are distinguished according to the gender of the household head, female-led households are found to undergo a …
Persistent link: https://www.econbiz.de/10014528252
We use household surveys to describe differences in wages, income, wealth and liquid assets of households born in their …
Persistent link: https://www.econbiz.de/10013367109
The financial accounts of the household sector within the system of national accounts report the aggregate asset … holdings and liabilities of all households within a country. In principle, when household wealth surveys are explicitly …
Persistent link: https://www.econbiz.de/10011921042