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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
-quarter of total household wealth in Europe provides further corroboration for this finding. …
Persistent link: https://www.econbiz.de/10015047840
attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e … wealth disparities not only through education and higher earnings, but also through their impact on the ability to process …
Persistent link: https://www.econbiz.de/10011613150
English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …
Persistent link: https://www.econbiz.de/10010402537
elasticity of risk aversion to changes in wealth. We find that wealthier investors are more risk averse in the cross section, and … that investors become more risk averse after a negative housing wealth shock. Thus, investors exhibit preferences …
Persistent link: https://www.econbiz.de/10013039243
utility to differ between households with and without offspring. Our estimates imply a very strong utility of residual wealth …-quarters of aggregate wealth at age 85. More surprisingly, we estimate similar utility of residual wealth for households with and … without offspring. We interpret this as suggestive evidence that the utility of residual wealth represents forces beyond an …
Persistent link: https://www.econbiz.de/10014562957
Private wealth is a crucial factor for the economic well-being of households. Key determinants of private wealth … include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research … suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro-area countries. First, we …
Persistent link: https://www.econbiz.de/10011440820
Private wealth is a crucial factor for the economic well‐being of households. Key determinants of private wealth … include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research … suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro‐area countries. First, we …
Persistent link: https://www.econbiz.de/10011441460
dining together with family, is associated with better financial preparedness and greater wealth accumulation across time … their family, increased wealth at a faster rate than others between 1994 and 2004. Moreover, those who exhibited self …. Consistent with other studies, results indicate that wealth accumulation increased with age, income, and educational attainment. …
Persistent link: https://www.econbiz.de/10011451755
attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … gradient in wealth. We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e … wealth disparities not only through education and higher earnings, but also through their impact on the ability to process …
Persistent link: https://www.econbiz.de/10012962275