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This paper investigates the effects of wealth on consumer spending in the United States. A traditional life-cycle model … is estimated first. Although it does find a statistically significant wealth effect, its findings are unusable due to the … offered. First, wealth is divided into stock market and non-stock market components, second into liquid and illiquid …
Persistent link: https://www.econbiz.de/10009474974
Established in 1988, the Shingo Prize for Operational Excellence recognises organisations in the USA, Mexico and Canada …
Persistent link: https://www.econbiz.de/10009459022
effect). This study has practical implications for regulators, corporations and investors, both in the USA and abroad. …
Persistent link: https://www.econbiz.de/10009459069
Persistent link: https://www.econbiz.de/10009638798
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We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...
Persistent link: https://www.econbiz.de/10012524850
We study the link between culturally inherited household structure and wealth distribution in international comparisons … distribution. Imposing the Spanish household structure to the US wealth distribution has little effect on summary measures of … between these wealth distribution differences and wealth composition. Finally, we present results for the within …
Persistent link: https://www.econbiz.de/10012529955
, we analyze the constrained-efficient allocation of an Aiyagari economy with a fat-tailed wealth distribution. We find … that the constrained-efficient allocation features more wealth inequality than the competitive equilibrium …
Persistent link: https://www.econbiz.de/10012530491
Value-based management systems focus on wealth and the wealth creation process and promote the generation of value for … desired course of action to improve the wealth generating ability of the firm by managing these value drivers more effectively. …
Persistent link: https://www.econbiz.de/10009459028
households’ income, savings, borrowing and financial wealth evolved in 2018. The improvement in the labour market and the more …
Persistent link: https://www.econbiz.de/10012523899