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Finances. The household-level data allow us to study the joint distributions of household income and wealth since 1949. We … shift the wealth distribution because the composition and leverage of household portfolios differ systematically along the … all American households have less wealth today in real terms than the median household had in 1970 …
Persistent link: https://www.econbiz.de/10012932905
This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate … China. In the past four decades, global saving inequality has risen sharply. The share of household saving flows coming from … the richest 10% of household increased by 60% while saving of middle-class households has fallen sharply. The most …
Persistent link: https://www.econbiz.de/10013187481
This paper provides a household-level perspective on the rise of global saving and wealth since the 1980s. We calculate … China. In the past four decades, global saving inequality has risen sharply. The share of household saving flows coming from … the richest 10% of household increased by 60% while saving of middle class households has fallen sharply. The most …
Persistent link: https://www.econbiz.de/10013175710
Persistent link: https://www.econbiz.de/10012418243
This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a … newly compiled household-level dataset based on archival data from historical waves of the Survey of Consumer Finances (SCF … between the 25th and 75th percentile of the distribution. The household data also reveal that the paths of income and wealth …
Persistent link: https://www.econbiz.de/10011717045
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Based on the data from China Family Panel Studies (CFPS), this paper analyzes the impact of income inequality on the investment of risky assets between urban and rural households. Our results indicate that income inequality has different effects on risky asset investment of urban and rural...
Persistent link: https://www.econbiz.de/10013307950