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on income and wealth to other administrative data with information on financial and real estate transactions. Using this … second is a study of the transmission of income shocks to household consumption. …A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the …
Persistent link: https://www.econbiz.de/10012172449
of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality … early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption … and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other …
Persistent link: https://www.econbiz.de/10011967426
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
recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data … from the Survey of Household Finances over the period 2002 to 2014 to examine the distributions of income and wealth in … both income and wealth following the sharp decline in house prices that occurred since 2008, with house price fluctuations …
Persistent link: https://www.econbiz.de/10012111075
of permanent-income has grown much faster than the corresponding share of assets. Human wealth has a mitigating influence … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …. We find that consumption expenditures are tightly linked to permanent-income; however, liquidity constraints can lead to …
Persistent link: https://www.econbiz.de/10012183332
human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from …
Persistent link: https://www.econbiz.de/10013382060
on debt composition. Based on a simulation exercise, we find a limited effect of wealth shocks on consumption inequality …. An increase in stock prices tends however to slightly increase consumption inequality, especially at the top of the …This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household …
Persistent link: https://www.econbiz.de/10011735887
This paper provides new empirical insights on the joint distribution of consumption, income, and wealth (CIW) in three … first finding is that while income inequality is similar to that of the United States, wealth inequality is barely one … transmission from income to consumption inequality, which suggests the presence of powerful institutions that favor consumption …
Persistent link: https://www.econbiz.de/10014136013
Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and … households cannot smooth consumption as much as other households do, which further implies that increasing wealth inequality … of Income Dynamics data from 1999 through 2013, we examine whether these changes are more dramatic at higher or lower …
Persistent link: https://www.econbiz.de/10011995764
Persistent link: https://www.econbiz.de/10012509087