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The life-cycle dynamics of wealth mobility

Audoly, Richard; McGee, Rory; Ocampo Díaz, Sergio; Paz … - 2024

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

Older or Wealthier? The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries

Almås, Ingvild; Mogstad, Magne - 2009

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

Nonlinear household earnings dynamics, self-insurance, and welfare

De Nardi, Mariacristina; Fella, Giulio; Paz Pardo, Gonzalo - 2018

generate enough concentration at the upper tail of the wealth distribution. …

Persistent link: https://www.econbiz.de/10012144204

Older or Wealthier? The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries

Almas, Ingvild; Mogstady, Magne - 2009

Persistent link: https://www.econbiz.de/10011600825

Older or Wealthier? The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries

Almås, Ingvild; Mogstad, Magne - Statistisk Sentralbyrå, Government of Norway - 2009

Persistent link: https://www.econbiz.de/10004980768

Older or wealthier? The impact of age adjustments on the wealth inequality ranking of countries

Almås, Ingvild; Mogstady, Magne - Society for the Study of Economic Inequality - ECINEQ - 2009

Persistent link: https://www.econbiz.de/10005000070

Older or Wealthier?: The Impact of Age Adjustments on the Wealth Inequality Ranking of Countries

Almas, Ingvild; Mogstady, Magne - Forschungsbasierte Infrastruktureinrichtung … - 2009

Persistent link: https://www.econbiz.de/10005017433

Consumption-Based Asset Pricing Models

Mehra, Rajnish - In: Annual Review of Financial Economics 4 (2012) 1, pp. 385-409

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

Older or Wealthier? The Impact of Age Adjustment on Cross-Sectional Inequality Measures.

Almås, Ingvild; Mogstad, Magne - Institutt for samfunnsøkonomi, Norges Handelshøyskole … - 2010

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

Why did Japan's household savings rate fall in the 1990s?

Ogawa, Kazuo (contributor) - 2005

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