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and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other … young people delaying setting up home. Inequality in per capita consumption rose during the crisis, particularly as a result … of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality …
Persistent link: https://www.econbiz.de/10011967426
This paper compares the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS) for … of homeownership in Malta, the median net wealth in Malta was estimated to be significantly higher than in the euro area …
Persistent link: https://www.econbiz.de/10014416083
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
information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
Persistent link: https://www.econbiz.de/10011572286
information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
Persistent link: https://www.econbiz.de/10011551036
This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for … of homeownership in Malta, the median net wealth in Malta was estimated to be significantly higher than in the euro area …
Persistent link: https://www.econbiz.de/10012253036
We use 1995, 2002 and 2013 CHIP data to investigate the urban household consumption expenditure inequality. The overall … inequality of urban household consumption expenditure measured by Gini coefficient slightly decreases from 0.33 in 1995 to 0 …, the percentile ratio of p90/p10 shows that consumption inequality increases all the time. Besides, the inequality of basic …
Persistent link: https://www.econbiz.de/10011762218
therefore, increases wealth inequality …-ownership, consumption pattern in the cross- section and through life-cycle. We find that the lack of stock market access, proxied by a fixed … entry cost and variable costs, plays a key role in generating heterogeneous outcome in agent’s wealth accumulation, and …
Persistent link: https://www.econbiz.de/10013220268
Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data … on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … have access only to a risk‐free asset compared to when we account for the fact that much of their wealth is stored in …
Persistent link: https://www.econbiz.de/10012213993
retirement decisions are explicitly modeled within a public pension system. Heterogeneity with respect to consumption preferences …
Persistent link: https://www.econbiz.de/10011891939