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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
Based on the HRS, I find strong dissaving of nursing home residents and a significant overestimation of U.S. saving rates from age 75 onwards if nursing home residents are excluded as in most micro datasets.
Persistent link: https://www.econbiz.de/10011041607
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In this paper we examine the role of intergenerational transfers in the wealth accumulation of Italian households …. Received transfers represent an important share of the net wealth held by households. Direct estimates referring to 2002 range … considered in a lifetime perspective. Households receiving transfers show higher levels of lifetime income, consumption, net …
Persistent link: https://www.econbiz.de/10005014714
/labour shares) have not been fully transmitted to the distribution of primary income between households because other institutional …
Persistent link: https://www.econbiz.de/10013337381
In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and … most important saving motive of European households when the proportion of households saving for each motive is used as the … criterion to rank them but that the retirement motive is the most important saving motive of European households if the …
Persistent link: https://www.econbiz.de/10015047840
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Using a model where households can save in either a safe asset or in an illiquid, tax-advantaged pension, we assess the … households have wealth levels far greater than necessary to maintain their living standards into and through retirement. …
Persistent link: https://www.econbiz.de/10011335629
estimated model implies that Italian households can insure between 89 and 95 percent of a transitory and between 7 and 9 percent … Italian households do not have access to significant insurance beyond self-insurance. …
Persistent link: https://www.econbiz.de/10011637578
This paper uses a matching method to provide an estimate of the nativity wealth gap among older households in Europe …, the average gap may be misleading as the distribution of the gap reveals that immigrant households in the upper part of … comparable native households. A heterogeneity analysis shows the importance of origin, age at migration and citizenship status in …
Persistent link: https://www.econbiz.de/10011984435