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We use 25 years of tax records for the Norwegian population to study the mobility of wealth over people's lifetimes. We … find considerable wealth mobility over the life cycle. To understand the underlying mobility patterns, we group individuals … with similar wealth rank histories using agglomerative hierarchical clustering, a tool from statistical learning. The …
Persistent link: https://www.econbiz.de/10015199545
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10011968353
generate enough concentration at the upper tail of the wealth distribution. …
Persistent link: https://www.econbiz.de/10012144204
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10011600825
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10004980768
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10005000070
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10005017433
A major research initiative in finance focuses on the determinants of the cross-sectional and time series properties of asset returns. With that objective in mind, asset pricing models have been developed, starting with the capital asset pricing models of Sharpe (1964), Lintner (1965), and...
Persistent link: https://www.econbiz.de/10010604247
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … for age effects in cross-sections, which eliminates wealth inequality due to age, yet preserves inequality arising from … other factors. Using a new cross-country comparable database, we examine the impact of age adjustments on wealth inequality …
Persistent link: https://www.econbiz.de/10009019268
This paper investigates empirically why Japan’s household savings rate fell in the 1990s. We constructed an economic model consisting of two types of household: unconstrained life-cycle households and liquidity-constrained households. Unconstrained households generally save, but...
Persistent link: https://www.econbiz.de/10002719933