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Persistent link: https://www.econbiz.de/10012216225
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This publication presents an internationally agreed framework to support the joint analysis of micro-level statistics on household income, consumption and wealth. Its aim is to extend the existing international frameworks for measuring household income and consumption at the micro level to...
Persistent link: https://www.econbiz.de/10012449097
This publication presents an internationally agreed set of guidelines for producing micro statistics on household wealth, It addresses the common conceptual, definitional and practical problems that countries face in producing such statistics, and are meant to improve the comparability of the...
Persistent link: https://www.econbiz.de/10012449514
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This paper provides new empirical insights on the joint distribution of consumption, income, and wealth (CIW) in three of the poorest countries in the world -- Malawi, Tanzania, and Uganda -- all located in sub-Saharan Africa (SSA). Our first finding is that while income inequality is similar to...
Persistent link: https://www.econbiz.de/10014136013
Using a unique data set of 81,943 house value estimates by the homeowners and their financial institution, I find that homeowners overestimate their house value by 3.1%. After controlling for homeowners' socioeconomic characteristics, I find that ex ante homeowners who rate (cash-out) refinance...
Persistent link: https://www.econbiz.de/10014050461
Using a unique dataset of 81,943 house value estimates by the homeowners and their financial institution, I find that homeowners overestimate their house value by 3.1%. After controlling for homeowners' socioeconomic characteristics, I find that ex-ante homeowners who rate (cash-out) refinance...
Persistent link: https://www.econbiz.de/10014056892
A number of studies point out that homeowners on average misestimate their house values. Using a unique dataset of 81,943 house value estimates both by the homeowners and the bank, I find that homeowners overestimate their house value by 3.1%. After controlling for homeowners' socioeconomic...
Persistent link: https://www.econbiz.de/10014057820
The main objective of this paper is to offer a critique of the existing literature on the link between wealth and consumption, as captured by the long-run marginal propensity to consume from financial wealth (mpcw). The international evidence suggests that the mpcw varies considerably across...
Persistent link: https://www.econbiz.de/10014060309