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This paper has examined simple versions of life-cycle. Keynesian, and target wealth models of consumption. It has drawn out their implications for the age profile of wealth inequality. The latter is observed to decline over the working lifetime and to uncrease in retirement in a range of...
Persistent link: https://www.econbiz.de/10005812589
The household National Account published by the national statistical office presents a picture of the income … surveys exist providing individual data on income and consumption. Those surveys are used to measure inequalities between … levels) have been combined to give a breakdown of income and consumption measured in the national accounts (for the year 2003 …
Persistent link: https://www.econbiz.de/10008539953
The study focuses on the usage of income in Germany as well as in Lower Saxony. Concretely, the material situation of … database the scientific use file of the Income and Expenditure Survey (Einkommens- und Verbrauchsstichprobe, EVS) 2003 is used …. In detail, calculations especially concerning the item “living” are made. Furthermore, income and price elasticities are …
Persistent link: https://www.econbiz.de/10008530728
on the relative importance of savings by lower, middle and upper income groups for single-child families and for all … households, this study also demonstrates that the savings decisions depend heavily on the level of household income. Single …
Persistent link: https://www.econbiz.de/10004980542
Responses to minimum income and minimum spending questions are used to produce economic well-being thresholds …. Thresholds are estimated using a regression framework.  Regression coefficients are based on U.S. Survey of Income and Program … compared to the estimated thresholds.  The first resource measure is total before-tax money income, and the other two are …
Persistent link: https://www.econbiz.de/10005063059
Income Dynamics. We find a positive and statistically significant parent-specific effect on children¹s consumption even after … controlling for the effect of parental income, and we find similar effects for sibling pairs. Child consumption responds … although income is an important source of the intergenerational correlation, parental choices and experiences also affect …
Persistent link: https://www.econbiz.de/10005063539
, we observe, that individual leisure activities depend strongly on income and education along with age and gender. Over … time, the influence of income also increases. In sum, it appears that differences in leisure are indeed still strongly …
Persistent link: https://www.econbiz.de/10005068955
We quantity an amount of cross-sectional income and consumption smoothing achieved within subgroups of states, such as …
Persistent link: https://www.econbiz.de/10005675419
We study the optimal consumption behavior under the set of assumptions associated with the permanent income hypothesis …
Persistent link: https://www.econbiz.de/10005486800
This paper investigates whether families save partially to self-insure against uncertain future earnings and estimates the extent to which pooled insurance substitutes for saving as a precaution against earnings risk. An econometric model is estimated using unique household survey data from the...
Persistent link: https://www.econbiz.de/10005486901