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Re-Examining the Decline in the US Saving Rate : The Impact of Mortgage Equity Withdrawal
Caporale, Guglielmo Maria - 2012
In this paper we examine the role of mortgage equity withdrawal in explaining the decline of the US saving rate, since when house prices rise and mortgage rates are low, homeowners have an incentive to withdraw housing equity and this may affect the saving rate. We estimate a Vector Error...
Persistent link: https://www.econbiz.de/10013102093
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Re-Examining the Decline in the US Saving Rate : The Impact of Mortgage Equity Withdrawal
Caporale, Guglielmo Maria - 2013
In this paper we examine the role of mortgage equity withdrawal in explaining the decline of the US saving rate, since when house prices rise and mortgage rates are low, homeowners have an incentive to withdraw housing equity and this may affect the saving rate. We estimate a Vector Error...
Persistent link: https://www.econbiz.de/10013090336
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Measuring and Comparing Consumption Inequality between France and the United States
Accardo, Aliocha; Herbert, Sylverie; Jude, Cristina; … - 2023
This paper constructs an annual dataset of consumption by income quintiles for France since 1989 in order to make a … France. We find consumption inequality to be overall lower than income inequality, and not to follow the dynamics of income … inequality. Consumption inequality is also higher in the US than in France. Finally, based on the weights of the different …
Persistent link: https://www.econbiz.de/10014258130
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Gesamtwirtschaftliche Einflüsse auf das Sparverhalten privater Haushalte
Otterbach, Andreas - 1996
Persistent link: https://www.econbiz.de/10012699615
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Distribution, wealth and demand regimes in historical perspective : USA, UK, France and Germany, 1855-2010
Stockhammer, Engelbert; Rabinovich, Joel; Reddy, Niall - 2018
until 2010 for the UK, France, Germany and USA, based on the dataset of Piketty and Zucman (2014). We contribute to the post … effects are found to be positive and significant for consumption in the USA and UK, but weaker in France and Germany …. Investment is negatively affected by private wealth in the USA and the UK, but positively in France and Germany. …
Persistent link: https://www.econbiz.de/10011924602
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The impact of intergenerational transfers on household wealth inequality in Japan and the United States
Niimi, Yoko; Horioka, Charles - 2016
their children than those who do not using data for Japan and the United States. The estimation results show that the …
Persistent link: https://www.econbiz.de/10011537589
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The role of credit on the evolution of wealth inequality in the USA
Oviedo Moguel, Rodolfo - 2020
In the USA, the share of household wealth held by the richest 1% increased from 23.5% in 1980 to 41.8% in 2012. This paper contributes to understanding the causes behind this increase. First, using an accounting decomposition, I show that more than half of the increase in the share of the top 1%...
Persistent link: https://www.econbiz.de/10012318998
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The impact of intergenerational transfers on the distribution of wealth : an international comparison
Horioka, Charles - 2024
In this paper, I analyze detailed data on intergenerational transfers in 4 countries (China, India, Japan, and the United States) from the "Japan Household Panel Survey on Consumer Preferences and Satisfaction (JHPS-CPS)" which has been conducted by the Institute of Social and Economic Research...
Persistent link: https://www.econbiz.de/10015066903
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Wealth distribution and optimal inheritance taxation in life-cycle economies with intergenerational transfers
Heer, Burkhard - 2000
We introduce intergenerational transfers into a general equilihrium life-cycle model in order to explain observed levels of wealth heterogeneity. In our overlapping generations model, heterogenous agents face uncertain lifetime and leave both accidental and voluntary bequests to their cinldren....
Persistent link: https://www.econbiz.de/10010440978
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Seven economic facts about the U.S. racial wealth gap
Broady, Kristen; Booth-Bell, Darlene; Griffin, Taylor - 2022
Using data from the 2019 Survey of Consumer Finances and the U.S. Census Bureau, along with data and research from other sources, this paper presents seven economic facts about the racial wealth gap in the U.S. We present data on racial disparities in income, employment, homeownership,...
Persistent link: https://www.econbiz.de/10013279332