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lack of reliable panel data on household expenditures. One possibility is to use surveys that follow the same households … alternative approach is to use the accounting identity that total household spending is equal to income plus capital gains minus … 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
Persistent link: https://www.econbiz.de/10012584705
distribution of household income changed during the first year of the COVID-19 pandemic. Second, we use pre-pandemic data on child …
Persistent link: https://www.econbiz.de/10013278883
Persistent link: https://www.econbiz.de/10011904661
I consider as misplaced the current emphasis on income and wealth inequalities as compared to the socially more … of income and wealth inequalities over time (since 1920): The share of the top 1% of earners followed a downward trend …-29 decade. The share of the top 10% of earners followed a similar movement. The same picture is observed for wealth inequality …
Persistent link: https://www.econbiz.de/10013228144
This report is designed to provide new evidence on retirement patterns in the UK, as part of the Pensions Review, a larger project run by the IFS in partnership with the abrdn Financial Fairness Trust, which is examining the future of financial security in retirement. Understanding patterns of...
Persistent link: https://www.econbiz.de/10014414238
changes in income distribution and in private wealth on consumption and investment covering a period from as early as 1855 …-Keynesian debate on the nature of demand regimes, mainstream analyses of wealth effects and the financialisation debate. We find that … shares, which is driven by residential investment. For corporate investment alone, we find a negative relation. Wealth …
Persistent link: https://www.econbiz.de/10011924602
We examine shifts in British income inequality and their causes between 1911 and 1949. Newly re-discovered Inland Revenue 1911 estimates and more detailed data from subsequent official income distribution enquiries are used to show that income was substantially more concentrated at the top of...
Persistent link: https://www.econbiz.de/10014110853
effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …
Persistent link: https://www.econbiz.de/10009526546
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …
Persistent link: https://www.econbiz.de/10009377290