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across generations. We discuss the implications of these findings for several strands of the wealth inequality debate. …We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are …
Persistent link: https://www.econbiz.de/10012030523
Estimates of UK income inequality trends differ substantially according to whether estimates are based on household … top incomes in the latter, and provide improved estimates of UK inequality trends since the mid-1990s. We show there was a … marked increase in income inequality in the early 2000s that survey-based estimates do not reveal, and our conclusions are …
Persistent link: https://www.econbiz.de/10011452217
Estimates of UK income inequality trends differ substantially according to whether estimates are based on household … top incomes in the latter, and provide improved estimates of UK inequality trends since the mid-1990s. We show there was a … marked increase in income inequality in the early 2000s that survey-based estimates do not reveal, and our conclusions are …
Persistent link: https://www.econbiz.de/10011434172
contrast, monetary policy has only negligible effects on wealth inequality. …This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …
Persistent link: https://www.econbiz.de/10011921470
evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth …
Persistent link: https://www.econbiz.de/10012120339
Persistent link: https://www.econbiz.de/10011742787
This testimony makes three main points. First, income volatility, especially when it involves income declines, imposes significant hardships on American families. It heightens stress about finances and may increase household living expenses. These hardships are most pronounced for middle-and...
Persistent link: https://www.econbiz.de/10014195419
inequality - a domain where the Fed refuses responsibility. Finally, we test whether Federal Reserve policy has exhibited a …
Persistent link: https://www.econbiz.de/10014224945
theimplications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years ofpopulation data … standard deviation of 8%). Second,heterogeneity in returns does not arise merely from differences in the allocation of wealth …
Persistent link: https://www.econbiz.de/10012912494
implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are …
Persistent link: https://www.econbiz.de/10012913195