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variations in the savings behavior over the wealth distribution and despite a strong relationship between initial household …. This study adds to the discussion by providing causal estimates for the effect of transfer receipt on the savings behavior … of households. The model allows for dynamic adjustment and variations in the savings behavior over the wealth …
Persistent link: https://www.econbiz.de/10011915902
We analyse the decline of household saving rates in the bottom half of the income distribution in Germany since the … combine survey data on household consumption with our own representative survey on the visibility and status relevance of …
Persistent link: https://www.econbiz.de/10014327422
We analyse the decline of household saving rates in the bottom half of the income distribution in Germany since the … combine survey data on household consumption with our own representative survey on the visibility and status relevance of …
Persistent link: https://www.econbiz.de/10014299522
Persistent link: https://www.econbiz.de/10014530689
The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...
Persistent link: https://www.econbiz.de/10003874776
paper examines if there is a wealth effect of house prices on savings using household-level longitudinal data from the …Housing property is the most important position in a household's wealth portfolio. Even though there is strong evidence … savings in response to unanticipated house price shocks, whereas old households only hardly respond to house price changes. We …
Persistent link: https://www.econbiz.de/10011557789
uncertainty, an average household increases savings by 4:4%. These effects vary by household composition and social status … uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy …
Persistent link: https://www.econbiz.de/10013138012
comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household …
Persistent link: https://www.econbiz.de/10013194250
comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household …
Persistent link: https://www.econbiz.de/10013187686
the consumption level of all households who are perceived to be richer, on household savings and consumption. When …We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household …
Persistent link: https://www.econbiz.de/10010190171