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remain. This is particularly true for the distribution of net wealth which is of special importance for the well-being of … individuals. Wealth provides utility in a number of ways, for instance, by acting as a buffer against negative income shocks …. Using the wealth component of the German Socio-Economic Panel (GSOEP), we find that, on average, members of western …
Persistent link: https://www.econbiz.de/10011348393
We provide levels of, compositions of, and inequalities in household augmented wealth - defined as the sum of net worth … and pension wealth - for two countries: the United States and Germany. Pension wealth makes up a considerable portion of … household wealth: about 48% in the United States and 61% in Germany. The higher share in Germany narrows the wealth gap between …
Persistent link: https://www.econbiz.de/10011622210
the top end of the wealth distribution in Germany. The SOEP-P population has about 21 times higher net wealth on average …
Persistent link: https://www.econbiz.de/10012390086
little has been known about them. As a result, the full extent of wealth concentration in Germany was unknown. To close the … previously it was thought to only be 59 percent. The richest percent of the population has around 35 percent of the wealth, not … million euros. These individuals do not only differ from the rest of the population in terms of wealth: They are also more …
Persistent link: https://www.econbiz.de/10012262359
insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …
Persistent link: https://www.econbiz.de/10013187686
insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …
Persistent link: https://www.econbiz.de/10013289690
In this empirical paper we analyze the link between homeownership across cohorts and the net wealth distribution. In … particular we are interested in the effect of the pattern of ownership across cohorts. Given that wealth accumulates over the … cohorts, should be related to current wealth levels and inequality. In order to gauge the effect of the ownership structure …
Persistent link: https://www.econbiz.de/10011285421
Wealth in addition to income determines to a large degree an individual’s consumption opportunities and economic … satisfaction as an indicator of subjective well being and households’ wealth. We contribute to the scarce literature on wealth and … well-being using micro-data from the German wealth survey, Panel on Household Finances - PHF, for 2010 and 2014. Using …
Persistent link: https://www.econbiz.de/10013171766
are still below the western German levels. This particularly holds for private net wealth, which reaches only about 40% of … study is designed to develop regional wealth indicators for the 16 federal states and for the 96 regional planning regions … skewness of the wealth distribution using a transformation, b) unit and item non-response, especially the multiple imputation …
Persistent link: https://www.econbiz.de/10012101276
longitudinal imputation strategies for German wealth panel data (SOEP wealth module). The authors create simulation data sets by …
Persistent link: https://www.econbiz.de/10010483239