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Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10011600825
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10011968353
generate enough concentration at the upper tail of the wealth distribution. …
Persistent link: https://www.econbiz.de/10012144204
English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …
Persistent link: https://www.econbiz.de/10011335622
from the English Longitudinal Study of Ageing, an optimal level of wealth is calculated for each household. This is … compared to the levels of wealth observed in the data. Our results show that, for those born in the 1940s, the vast majority of … households have wealth levels far greater than necessary to maintain their living standards into and through retirement. …
Persistent link: https://www.econbiz.de/10011335629
of other contributions to well-being, including those of household wealth. Wealth is important in providing security and …. We find, however, that it is precisely in the latter countries where household wealth is the lowest, both in absolute and … relative terms. Globally, wealth is more concentrated than income both on an individual and national basis. Roughly 30 per cent …
Persistent link: https://www.econbiz.de/10010323528
in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth … consumption, income and wealth can be analysed. Current researches linking macro and micro information for the households have … to household wealth using both survey data and financial accounts. It builds a link between wealth survey and national …
Persistent link: https://www.econbiz.de/10011605664
-simulations to investigate heterogeneity in the euro area. We quantify shocks to wealth, income and financial pressure faced by … affected the income-poor, while the declining wealth the income-rich. Although borrowers benefited from the substantial … consumption growth driven by both rich and poor households: while the former were hit by large shocks to wealth, the latter also …
Persistent link: https://www.econbiz.de/10011605750
wealth and its components in the euro area. However, it does not offer a complete picture of household wealth: for example … fraction of their wealth. …
Persistent link: https://www.econbiz.de/10011606352
This paper uses a matching method to provide an estimate of the nativity wealth gap among older households in Europe …. This approach does not require imposing any functional form on wealth and avoids validity-out-of-the-support assumptions …; furthermore, it allows not only the estimation of the mean of the wealth gap but also its distribution for the common …
Persistent link: https://www.econbiz.de/10011984435