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gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e … wealth might therefore exacerbate the consequences of labor market inequality. … attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained …
Persistent link: https://www.econbiz.de/10011613150
gradient in wealth. We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e … wealth might therefore exacerbate the consequences of labor market inequality … attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained …
Persistent link: https://www.econbiz.de/10012962275
among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel …-ative inequality. Wealth inequality declined in advanced Western countries during the first half of the 20th century, then stabilized …
Persistent link: https://www.econbiz.de/10014564314
Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that allowing for these rich features of earnings dynamics, in the context of a structurally estimated life-cycle portfolio choice model, helps to rationalize the limited participation...
Persistent link: https://www.econbiz.de/10014278693
residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in …This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on … an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several …
Persistent link: https://www.econbiz.de/10012202943
This article reviews the distribution of income and wealth in the US from three basic perspectives that tend to be …
Persistent link: https://www.econbiz.de/10012982965
returns, both of which contribute to wealth inequality. Counterfactual policy exercises indicate that two ways to lower costs … wealth accumulation through several distinct channels. We focus on genetic markers that predict educational attainment … distributions of welfare costs even though the latter policy appears to reduce wealth differences between agents with different …
Persistent link: https://www.econbiz.de/10013362004
If Piketty's main theoretical prediction (r>g leads to rising wealth inequality) is taken to its radical conclusion … transitional phase of increasing wealth inequality, which characterizes the current state of high-income countries: The wealth … share of capitalists rises to over 60%, the wealth-to-income ratio increases, and income inequality rises. Finally, we show …
Persistent link: https://www.econbiz.de/10011927150
Persistent link: https://www.econbiz.de/10011341718
This report summarises key stylised facts from the first wave of the Eurosystem Household Finance and Consumption Survey, which provides household-level data collected in a harmonised way in 15 euro area countries for a sample of more than 62,000 households. The report presents results on...
Persistent link: https://www.econbiz.de/10011664034