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Housing, wealth accumulation and wealth distribution : evidence and stylized facts

Causa, Orsetta; Woloszko, Nicolas; Leite, David - 2019

This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on … questions: i) How is homeownership and housing tenure distributed across the population along various socio …-economic characteristics such as income, wealth and age? What is the weight of housing in households’ balance sheets and how does this vary …

Persistent link: https://www.econbiz.de/10012202943

Wealth inequality and homeownership in Europe

Kaas, Leo; Kocharkov, Georgi; Preugschat, Edgar - 2015

through housing wealth. …

Persistent link: https://www.econbiz.de/10011334237

Pension and Social Security Wealth in the Health and Retirement Study

Gustman, Alan L.; Mitchell, Olivia S.; Samwick, Andrew; … - 2011

Together, pensions, social security and health insurance account for half of the wealth held by all households in the Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth percentiles, and even for 48 percent of wealth for those in...

Persistent link: https://www.econbiz.de/10014043164

Heterogeneity and Persistence in Returns to Wealth

Fagereng, Andreas - 2018

We provide a systematic analysis of the properties of individual returns to wealth using twelve years ofpopulation data from Norway's administrative tax records. We document a number of novel results.First, during our sample period individuals earn markedly different average returns on their...

Persistent link: https://www.econbiz.de/10012912494

Heterogeneity and Persistence in Returns to Wealth

Fagereng, Andreas - 2018

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway's administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their...

Persistent link: https://www.econbiz.de/10012913195

Chapter 11 The distribution of wealth

Davies, James B.; Shorrocks, Anthony F. - In: Handbook of income distribution : volume 1, (pp. 605-675). 2000

This chapter is concerned with the distribution of personal wealth, which usually refers to the material assets that can be sold in the marketpace, although on occasion pension rights are also included. We summarise the available evidence on wealth distribution for a number of countries. This...

Persistent link: https://www.econbiz.de/10014024198

Older or Wealthier? The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries

Almås, Ingvild - 2009

Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this finding relies on cross-section data, we may confuse older with wealthier. We propose a new method to adjust for age effects in cross-sections, which eliminates transitory...

Persistent link: https://www.econbiz.de/10013159881

Retirement sorted? : the adequacy and optimality of wealth among the near-retired

Crawford, Rowena; O'Dea, Cormac - 2014

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

Implications of wealth heterogeneity for macroeconomics

Carroll, Chris - 2012

Today's dominant strain of macroeconomic models supposes that aggregate consumption can be understood by assuming the existence of a 'representative agent' whose behavior rationalizes observed outcomes. But representative agent models yield embarrassingly implausible (and empirically inaccurate)...

Persistent link: https://www.econbiz.de/10009535933

Inequality and the marriage gap : conference paper

Siassi, Nawid - 2014

Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality ignore the role of the family. This paper documents that the cross-sectional distributions of earnings and wealth display a high degree of concentration, even when disaggregated...

Persistent link: https://www.econbiz.de/10010489954