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On tax evasion, entrepreneurial generosity and fungible assets
Bittschi, Benjamin; Borgloh, Sarah; Moessinger, Marc-Daniel - 2016
We estimate the effects of income from various sources on charitable giving using administrative German income tax data. We demonstrate that charitable contributions are not uniformly affected by different income types. While business and capital income exhibit a positive effect, the remaining...
Persistent link: https://www.econbiz.de/10011442038
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Auswirkungen von Erbschaften und Schenkungen auf die Vermögensbildung privater Personen und Haushalte: Eine ökonometrische Analyse auf der Basis des Sozio-oekonomischen Panels
Westerheide, Peter - 2004
regression analysis current wealth holdings are explained by past life-cycle income and transfers received. The results indicate … are less significant. Separating wealth classes with respect to lifecycle income shows that differences in saving … propensities tend to make the distribution of wealth across households more equal. …
Persistent link: https://www.econbiz.de/10010297351
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Auswirkungen von Erbschaften und Schenkungen auf die Vermögensbildung privater Personen und Haushalte: Eine ökonometrische Analyse auf der Basis des Sozio-oekonomischen Panels
Westerheide, Peter - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
regression analysis current wealth holdings are explained by past life-cycle income and transfers received. The results indicate … are less significant. Separating wealth classes with respect to lifecycle income shows that differences in saving … propensities tend to make the distribution of wealth across households more equal. …
Persistent link: https://www.econbiz.de/10005097580
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Higher-order income risk over the business cycle
Busch, Christopher; Ludwig, Alexander - 2020
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012216808
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Individual income, incomplete information, and aggregate consumption
Pischke, Jörn-Steffen - 1991
In this paper I study a model of life-cycle consumption in which individuals react optimally to their own income process but ignore economy wide information. Since individual income is less persistent than aggregate income consumers will react too little to aggregate income variation. Aggregate...
Persistent link: https://www.econbiz.de/10010299649
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Optimal taxes on capital in the OLG model with uninsurable idiosyncratic income risk
Krueger, Dirk; Ludwig, Alexander - 2018
We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium feedback of private precautionary saving. For logarithmic utility...
Persistent link: https://www.econbiz.de/10011817194
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Do individuals accept fluctuations in pension income?
Bucher-Koenen, Tabea; Knebel, Caroline; Weber, Martin - 2023
How to invest and decumulate wealth during retirement has far-reaching consequences for consumption during retirement …
Persistent link: https://www.econbiz.de/10014313929
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Homeownership rates, housing policies, and co-residence decisions
Grevenbrock, Nils; Ludwig, Alexander; Siassi, Nawid - 2023
Homeownership rates differ widely across European countries. We document that part of this variation is driven by differences in the fraction of adults co-residing with their parents. Comparing Germany and Italy, we show that in contrast to homeownership rates per household, homeownership rates...
Persistent link: https://www.econbiz.de/10014363811
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Individual income, incomplete information, and aggregate consumption
Pischke, Jörn-Steffen - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1991
In this paper I study a model of life-cycle consumption in which individuals react optimally to their own income process but ignore economy wide information. Since individual income is less persistent than aggregate income consumers will react too little to aggregate income variation. Aggregate...
Persistent link: https://www.econbiz.de/10008567519
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Experimental and non-experimental evidence on limited attention and present bias at the gym
Muller, Paul; Habla, Wolfgang - 2018
We show that limited attention and present bias contribute to low levels of exercise. First, in a large randomized experiment, we find that email reminders increase gym visits by 13 % and that they benefit nearly all types of individuals. Limited attention can explain these effects. Second,...
Persistent link: https://www.econbiz.de/10011911966