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Given differences in public saving programs between Sweden and the United States, an examination of household private … wealth accumulation in these two countries can be enlightening. In this paper we examine wealth inequality and mobility in … Sweden and the United States over the past decade. We show that wealth inequality has been significantly greater in the U …
Persistent link: https://www.econbiz.de/10010321756
combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting … for fluctuations in income and out-of-pocket medical expenses, as well as financial wealth sufficient to buffer against …
Persistent link: https://www.econbiz.de/10010289981
We investigate US households' direct investment in stocks, bonds and liquid accounts and their foreign counterparts, in order to identify the different participation hurdles affecting asset investment domestically and overseas. To this end, we estimate a trivariate probit model with three...
Persistent link: https://www.econbiz.de/10010303748
Sowohl die Einkommensarmut als auch der Einkommensreichtum haben in Deutschland in den letzten Jahren deutlich zugenommen, zu Lasten der mittleren Einkommensgruppen. Reichtum sollte auch die Freiheit von materiellen Sorgen bedeuten. Trotz der Polarisierung der Einkommensverteilung hat der Anteil...
Persistent link: https://www.econbiz.de/10011602048
housing markets are therefore key to understanding personal portfolios, saving, the household distribution of wealth, and the …Housing is the single most important component of personal wealth in most countries. The special characteristics of … consumption of housing as a component of personal wealth. The impacts of rates of home ownership, credit market characteristics …
Persistent link: https://www.econbiz.de/10010284569
household financial assets. Our results suggest that banks information policies have the potential to be an effective tool to … increase individuals' financial literacy and that the relationship between financial literacy and wealth is largely …
Persistent link: https://www.econbiz.de/10010289931
Decision making usually involves uncertainty and risk. Understanding which parts of the human brain are activated during decisions under risk and which neural processes underly (risky) investment decisions are important goals in neuroeconomics. Here, we reanalyze functional magnetic resonance...
Persistent link: https://www.econbiz.de/10010319198
Persistent link: https://www.econbiz.de/10013185555
household level information on consumption, income and portfolio holdings. We propose to use data on equity fund ownership to … we distinguish between two dimensions: variation in the share of equity funds in fund-holder's wealth (the intensive …-specific labor income risk hold a larger fraction of their wealth in (out-of-region) funds. Secondly, for a region as a whole, risk …
Persistent link: https://www.econbiz.de/10010264295
Retirement in Europe (SHARE), which has detailed data on wealth and portfolio composition of individuals aged 50+ in 11 European …
Persistent link: https://www.econbiz.de/10010303747