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on income and wealth to other administrative data with information on financial and real estate transactions. Using this …A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the … alternative approach is to use the accounting identity that total household spending is equal to income plus capital gains minus …
Persistent link: https://www.econbiz.de/10012172449
income and financial position of the German baby-boomers and offers an outlook on their expected social security income. It … turns out that the actual income and financial situation of the German baby-boomers is relatively good: despite having … different cohorts at the same age. Moreover their average and median financial wealth is higher than for earlier birth cohort …
Persistent link: https://www.econbiz.de/10013100300
We provide a common set of life-cycle earnings statistics using administrative data from the United States, Canada, Denmark and Sweden. Three qualitative patterns are common across countries: (1) the earnings distribution above the median fans out with age, (2) the extreme right tail of the...
Persistent link: https://www.econbiz.de/10011697392
effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and … pronounced for middle-age households and those higher in the wealth and income distributions. This contrasts with income shocks …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household …
Persistent link: https://www.econbiz.de/10012206687
Persistent link: https://www.econbiz.de/10009427941
pension participation, pension wealth, projected retirement income, and replacement rates attributable to past service, by …. Defined contribution (DC) wealth is simply the current account balance. DC income is calculated by projecting current plan …) wealth and income are calculated by apportioning projected benefits to past and future service.This paper found that …
Persistent link: https://www.econbiz.de/10012986412
Persistent link: https://www.econbiz.de/10015050727
We develop a new approach to the decomposition of income risk within a non- stationary model of intertemporal choice … of persistent and transitory components in the dynamic process for income. We fo- cus on what can be learned from … environment is used to show the robustness of the method for decomposing income risk. The approach is used to investigate the …
Persistent link: https://www.econbiz.de/10011756856
Persistent link: https://www.econbiz.de/10011579199
relationships between income and wealth, house price inflation, differential savings, and income from wealth. …The inequality of wealth in China has increased rapidly in recent years. Prior to 1978 all Chinese households possessed … negligible wealth. China therefore presents a fascinating case study of how inequality of household wealth increases as economic …
Persistent link: https://www.econbiz.de/10011876477