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We document the intergenerational persistence of wealth between adult offspring and their parent's using the Wealth and … Assets Survey for Great Britain. We estimate an intergenerational wealth elasticity of 0.4 and rank-rank elasticity of 0 ….3 and find wealth persistence for individuals in their 60s is lower than for those currently aged in their 30s and early 40s …
Persistent link: https://www.econbiz.de/10012584703
The rapid widening of intergenerational wealth inequalities has led to sharp differences in living standards in Great … Britain. Understanding which components of wealth are driving such inequalities is important for improving wealth and social … mobility. We show the change in the intergenerational persistence in wealth in Great Britain is due to inequality in offspring …
Persistent link: https://www.econbiz.de/10012815604
wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for … of permanent-income has grown much faster than the corresponding share of assets. Human wealth has a mitigating influence … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …
Persistent link: https://www.econbiz.de/10012183332
intergenerational wealth transfers on the net worth distribution in 8 European countries and compare it to recent findings for the US … inequality in household wealth in all 8 countries. …
Persistent link: https://www.econbiz.de/10011573797
and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other … of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality … 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
The paper analyzes the relationship between income shares, wealth and growth in an environment where positional goods … between profit share and property share and implies a clear-cut distinction between capital and wealth. The interactions …
Persistent link: https://www.econbiz.de/10011865744
A method to impute consumption expenditure inequality between wealth groups in the Survey of Consumer Finances is … provided, allowing for measurement error that is correlated with income and wealth. Identification is derived from observing … between top and bottom wealth quintiles is estimated to have increased by 50% between 2004 and 2013, indicating that observed …
Persistent link: https://www.econbiz.de/10012183653
We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth … 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 …
Persistent link: https://www.econbiz.de/10012120339
Persistent link: https://www.econbiz.de/10014253298
that income (wealth) does have a causal impact on health in adulthood is weak. But this may simply reflect the difficulty …
Persistent link: https://www.econbiz.de/10014025328