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We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of steady-state equilibrium. We show that aggregate income is...
Persistent link: https://www.econbiz.de/10014384038
A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the … lack of reliable panel data on household expenditures. One possibility is to use surveys that follow the same households … the change in wealth over the period. The goal of this paper is to examine the advantages and difficulties of using this …
Persistent link: https://www.econbiz.de/10012172449
of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality … and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other … and increased during the downturn as a result of financial assets outperforming real assets. Nevertheless, Spain’s wealth …
Persistent link: https://www.econbiz.de/10011967426
Why are some people wealth rich while others are poor? To what extent can governments affect inequality? Which … wealth inequality can help us to understand and quantify the determinants of the outcomes that we observe in the data and to … medical-expense risk are crucial determinants of savings and wealth inequality and that we need to look at more data to …
Persistent link: https://www.econbiz.de/10011671879
Using panel data on individual borrowing characteristics and neighborhood income, we assess the impact of relative income on indebtedness and payment delinquencies. We find that a worsening in relative income vis-à-vis similarly aged neighbors leads to higher indebtedness, primarily due to...
Persistent link: https://www.econbiz.de/10013322531
We use the responses of a representative sample of Dutch households to survey questions that ask how much they would … results are broadly in line with models of intertemporal choice with precautionary saving, borrowing constraints, and finite …
Persistent link: https://www.econbiz.de/10012963369
We use the responses of a representative sample of Dutch households to survey questions that ask how much they would … results are broadly in line with models of intertemporal choice with precautionary saving, borrowing constraints, and finite …
Persistent link: https://www.econbiz.de/10012960015
household saving preferences and the distribution of household portfolios. Moreover, the financial situation of households in … result, we can argue that households need to be encouraged to invest a larger share of their wealth in financial assets to … determinants of households' portfolio choices in Türkiye. Second, we reveal that households' portfolios are under …
Persistent link: https://www.econbiz.de/10014479723
Savings are, apart from inheritances and transfers, the corner stone for the accumulation of wealth. Against the … the distribution of savings along the income and wealth distribution are of high interest for the question on whether … mutual stimulation between income flows and wealth stocks contributes to rising inequality. We analyze the extent of the …
Persistent link: https://www.econbiz.de/10011575021
This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household … surveys. This heterogeneity is driven by differences in both wealth composition and wealth levels. We find a decreasing … marginal propensity to consume out of wealth across the wealth distribution for all net wealth components. The marginal …
Persistent link: https://www.econbiz.de/10012944978