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We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...
Persistent link: https://www.econbiz.de/10012524850
We study the link between culturally inherited household structure and wealth distribution in international comparisons … distribution. Imposing the Spanish household structure to the US wealth distribution has little effect on summary measures of … between these wealth distribution differences and wealth composition. Finally, we present results for the within …
Persistent link: https://www.econbiz.de/10012529955
, we analyze the constrained-efficient allocation of an Aiyagari economy with a fat-tailed wealth distribution. We find … that the constrained-efficient allocation features more wealth inequality than the competitive equilibrium …
Persistent link: https://www.econbiz.de/10012530491
Die zwei Ansätze sind konzeptionell gesehen zweckmäßige Berechnungswege,115um ihregesteckten Ziele zu erreichen. Um die Rentabilitätswirkung der Steuersysteme zu messenund zu vergleichen, muß bei dem Ansatz der effektiven Grenzsteuerbelastung auf eineentscheidungsneutrale...
Persistent link: https://www.econbiz.de/10009471905
The study of consumer behaviour has attracted much attention from researchers.Models have been postulated and re-postulated in many attempts to explain thedecision process of consumers as it changes over time and space, as well as indifferent environments such as culture, race and religion. The...
Persistent link: https://www.econbiz.de/10009440942
homestead wealth on use of nets purchased from the retail sector is well documented, however, the competing influence of mother … were collected at homestead, mother and child (aged < 5 years) levels. An assets-based wealth index was developed using … before the interview; 58% (327) of the nets used were purchased from the retail sector. Homestead wealth (adjusted OR = 10 …
Persistent link: https://www.econbiz.de/10009441399
This paper investigates the effects of wealth on consumer spending in the United States. A traditional life-cycle model … is estimated first. Although it does find a statistically significant wealth effect, its findings are unusable due to the … offered. First, wealth is divided into stock market and non-stock market components, second into liquid and illiquid …
Persistent link: https://www.econbiz.de/10009474974
Despite of the particular importance of wealth as a measure of economic well-being and the various functions of wealth …, its distribution on the individual level as well as the reasons for inequality in wealth holdings in Germany have not been … fully explored. Marital splits constitute a potential shock in relation to wealth: divorce is likely to reduce wealth …
Persistent link: https://www.econbiz.de/10009481019
wealth remains unexplored. This dissertation makes use of the 2008 Gallup World Poll and a novel wealth database compiled by … the World Bank to evaluate the effect of wealth, produced capital, and natural resources on life satisfaction. The …, pastureland and forestry. Subsoil asset wealth has no significant effect on life satisfaction.Blood feuds represent a significant …
Persistent link: https://www.econbiz.de/10009450924
Value-based management systems focus on wealth and the wealth creation process and promote the generation of value for … desired course of action to improve the wealth generating ability of the firm by managing these value drivers more effectively. …
Persistent link: https://www.econbiz.de/10009459028