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The extant literature regarding the effects of housing on stock investment shows inconsistent findings, either positive … or negative effects have been reported. This paper investigates the mechanisms by which housing affects household stock … and quantify the magnitudes of contemporaneous "wealth effects" and "crowd-out effects" of housing on household equity …
Persistent link: https://www.econbiz.de/10013199538
The design of pension schemes is crucial in determining savings behavior. The impact of pension schemes on saving rates across countries remains to be an intriguing empirical question considering the complicated nature of the relationship between saving patterns and pension wealth. This paper...
Persistent link: https://www.econbiz.de/10014547825
In a model calibrated to match micro- and macroeconomic evidence on household income dynamics, we show that a modest degree of heterogeneity in household preferences or beliefs is sufficient to match empirical measures of wealth inequality in the United States. The heterogeneity-augmented...
Persistent link: https://www.econbiz.de/10011995508
higher-return tax-advantaged private pensions and in housing. Second, we find that only the most patient households achieve …
Persistent link: https://www.econbiz.de/10012215428
The comparative role of determinants of household-level consumption expenditure inequalities (henceforth, inequalities) in rural India between two sub-periods, 1994–2005 and 2005–12 are examined, using three rounds of the National Sample Survey Consumer Expenditure Survey. The changes in the...
Persistent link: https://www.econbiz.de/10013332564
This paper aims at examining interpersonal income and consumption inequality within the Attica Metropolitan Region, which includes Athens, the largest metropolis of Greece. It also aims to make comparisons between Attica and the rest of the country. The analysis is based on income and...
Persistent link: https://www.econbiz.de/10015325026
private consumption depends on the evolution of financial and housing wealth, where the impact of the latter seems to have … 2 cents. However, the impact of wealth is lower in bank than in market based economies. In fact, housing prices do not … Germany could not be explained by the stagnation in housing prices. …
Persistent link: https://www.econbiz.de/10010377811
The share of the private rental housing market in Central and Eastern European countries is low. With a survey data …
Persistent link: https://www.econbiz.de/10013470741
The household's demand analysis is very crucial in the sense that undernourishment negatively affects productivity. Food demand is crucial to gauge the household's ability or willingness to purchase/consume different food commodities. The study attempts to analyze the household's food demand in...
Persistent link: https://www.econbiz.de/10014486001
The present paper presents a standard overlapping generations model with external habits formation and environmental quality in the utility function. Our main objective is to study the impact of external habits on capital accumulation and environmental quality on the intertemporal competitive...
Persistent link: https://www.econbiz.de/10014520679