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accurate information from survey respondents about income and wealth. However, changing survey questions - even for the better … - can create problems. For example, if we ask a respondent about his wealth holdings in 1992 and ask him again in 1994 but … use a different and improved set of questions, we cannot be sure that changes in his wealth are real because part of the …
Persistent link: https://www.econbiz.de/10014220431
This book investigates the existence of stochastic and deterministic convergence of real output per worker and the sources of output (physical capital per worker, human capital per worker, total factor productivity -TFP- and average annual hours worked) in 21 OECD countries over the period...
Persistent link: https://www.econbiz.de/10012401997
Persistent link: https://www.econbiz.de/10010530155
We show that a simple and intuitive three-parameter equation fits remarkably well the evolution of the gross domestic product (GDP) in current and constant dollars of many countries during the times of recession and recovery. We then argue that it can be used to detect shocks and discuss its...
Persistent link: https://www.econbiz.de/10003789641
We show that a simple and intuitive three-parameter equation fits remarkably well the evolution of the gross domestic product (GDP) in current and constant dollars of many countries during times of recession and recovery. We then argue that this equation is the response function of the economy...
Persistent link: https://www.econbiz.de/10003881293
Persistent link: https://www.econbiz.de/10001525738
The ratio of consumption to total household wealth (i.e., tangible assets plus unobserved human wealth) is commonly … component in the consumption equation. The consumption-to-wealth ratio calculated from this model is much less persistent than …
Persistent link: https://www.econbiz.de/10011844588
income, the rise of inequality in personal income, and an intensification of the degree of financialisation. The paper finds … income inequality over the last decades. …
Persistent link: https://www.econbiz.de/10013175143
Persistent link: https://www.econbiz.de/10002505879