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analysis is done at the regional level and presents results on household assets, liabilities, net wealth, income and …
Persistent link: https://www.econbiz.de/10011082662
Recognizing the importance of household wealth in the overall financial wellbeing of Canadians and the relative … scarcity of the public policy dialogue that is centered unequivocally on wealth, this paper aims to critically examine … households’ wealth position, their attitudes to the accumulation of wealth and practices utilized for that purpose. Measured as …
Persistent link: https://www.econbiz.de/10010662685
This letter revisits the question of how wealth shocks influence retirement behaviour, exploiting the dramatic changes … in UK asset prices between 2008 and 2009 as a source of such shocks. We find no evidence that the wealth shocks arising …
Persistent link: https://www.econbiz.de/10010709106
Australian household wealth has increased in recent years, despite higher debt levels. In other words, the value of …
Persistent link: https://www.econbiz.de/10010784735
estimate the effect of wealth shocks on household consumption and individual expectations of the future. Many household … experienced a significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations … regarding future bequests. Expectations of bequests seem particularly tied to housing wealth. …
Persistent link: https://www.econbiz.de/10011152732
findings. The estimated average (median) total net wealth of Luxembourg households is about EUR 733,000 (EUR 403,000) - an … real estate in Luxembourg. Average total gross income and total net wealth generally increase with household size, with age … not seem to differ significantly. This cannot be said for total net wealth and net real wealth, which, on average, is more …
Persistent link: https://www.econbiz.de/10010826817
a household's accumulated stock of wealth and current annual household income. The data come from the 2004 edition of …
Persistent link: https://www.econbiz.de/10010744683
The total financial wealth of households can be deduced from the financial accounts, and their total real wealth can be … reveal little about the distribution of wealth among households. That requires microeconomic survey data. The Household … first wave of that survey to analyse the structure and distribution of household wealth. Regarding household assets, we find …
Persistent link: https://www.econbiz.de/10011272836
This paper presents data on the wealth of households by age cohort based on new data from the 2013 Survey of Consumer … Finances (SCF). It shows that the upward redistribution of wealth continued between 2010 and 2013. As a result, most households … had less wealth in 2013 than they did in 2010 and much less than in 1989, the first year examined. This is in spite of the …
Persistent link: https://www.econbiz.de/10011096690
This paper looks at the evolution of consumption theory over time and critically examines the widely accepted permanent income / life cycle hypotheses concerning consumer behaviour in terms of the empirical evidence. Attention is also devoted to the role of time horizon, time preference and...
Persistent link: https://www.econbiz.de/10005780961