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received a wealth transfer and these accounted for 23 percent of their net worth. Over the lifetime, about 30 percent of … households could expect to receive a wealth transfer and these would account for close to 40 percent of their net worth near time … of death. However, there is little evidence of an inheritance “boom.” In fact, from 1989 to 2007, the share of households …
Persistent link: https://www.econbiz.de/10011605346
from the upper middle class (< 250 percent of the median income) not so much through inheritance or homeownership, but … rather through the ownership of other (income generating) real estate. The wealth perspective reveals above all a lower … Eigentum und Erbe in der Mitte der deutschen Gesellschaft relativ gleichmäßig verteilt oder zeigen sich bedeutsame …
Persistent link: https://www.econbiz.de/10011707716
countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce … with household income. The paper uses household economic panel data from five countries – Australia, Britain, Germany …
Persistent link: https://www.econbiz.de/10010261968
Income and wealth are important determinants of individual economic well-being because they are a fundamental resource … for consumption. Due to increasing inequality the distribution of income and wealth has moved more and more into the focus … multidimensional polarization of both income and wealth. Individual well-being is modeled by a well-being function directly affected by …
Persistent link: https://www.econbiz.de/10011282678
This paper focuses on three issues. First, it analyses the increasing inequality of wealth in Sweden in terms of … percentile age and birth cohort differences. Second, it discusses mobility of wealth as a function of age, length of the … wealth. …
Persistent link: https://www.econbiz.de/10010321808
well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … Inflows available to an individual (defined as the capitalized sum of net labor income, government transfers, and gifts and … much different from the actual distribution. Our findings suggest that inheritance taxes may do little to mitigate the …
Persistent link: https://www.econbiz.de/10013198555
Persistent link: https://www.econbiz.de/10011696952
This study examines from a cross-national perspective the importance of inheritance as a source of private wealth … inheriting households own considerably more wealth than non-inheriting households, all other things equal. The wealth gap between … households who received lifetime gifts or bequests and those who did not varies hugely along the distribution of net wealth. At …
Persistent link: https://www.econbiz.de/10011535564
We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income … volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher-income … profiles if volatility in income is high enough. From this result we can draw the following conclusions: i) mortgage protection …
Persistent link: https://www.econbiz.de/10010262138
Housing is the single most important component of personal wealth in most countries. The special characteristics of … housing markets are therefore key to understanding personal portfolios, saving, the household distribution of wealth, and the … 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