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inequality in per capita income. The level of inequality in Spain is more moderate when total gross household income is analysed … of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality … early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption …
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Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly … workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore … (marginal) effect of wealth on the job exit rate. But even with a rich set of regressors the question remains whether there are …
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"This paper documents the trends in the life-cycle profiles of net worth and housing equity between 1983 and 2004. The net worth of older households significantly increased during the housing boom of recent years. However, net worth grew by more than housing equity, in part because other assets...
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We propose a life-cycle model, where individuals facing uninsured labor income risks choose whether to participate in … agents' wealth accumulation, increasing wealth inequality …
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