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relationships between income and wealth, house price inflation, differential savings, and income from wealth. …The inequality of wealth in China has increased rapidly in recent years. Prior to 1978 all Chinese households possessed … negligible wealth. China therefore presents a fascinating case study of how inequality of household wealth increases as economic …
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insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …
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English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …
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Reduced form estimations of precautionary saving with respect to labor market risk have hitherto failed to consider … savings while a decreased variation in earnings decrease saving. Not accounting for the effect on expected earnings on saving …
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contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information …
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