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A method to impute consumption expenditure inequality between wealth groups in the Survey of Consumer Finances is … provided, allowing for measurement error that is correlated with income and wealth. Identification is derived from observing … between top and bottom wealth quintiles is estimated to have increased by 50% between 2004 and 2013, indicating that observed …
Persistent link: https://www.econbiz.de/10012183653
This paper develops a new approach for dealing with the under-reporting of wealth in house- hold survey data … (differential nonresponse). The current practice among researchers relying on household wealth survey data is one out of three … substantially reduces nonresponse bias in the Pareto tail estimates. Applying the procedure to wealth survey data (HFCS, SCF, WAS …
Persistent link: https://www.econbiz.de/10012117747
We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth … evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …
Persistent link: https://www.econbiz.de/10012120339
We analyze the top tail of the wealth distribution in Germany, France, and Spain based on the first and second wave of … the Household Finance and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household … countries. As a result, the top percentile share of household wealth in Germany jumps up from 24 percent to 31 percent in the …
Persistent link: https://www.econbiz.de/10011780808
considered as rich in a multidimensional setting. We use this framework to analyze the role of wealth, health and education, in … driven by health and to a lesser extent by wealth …
Persistent link: https://www.econbiz.de/10014195699
This paper reports on trends in inequality of the distribution of household disposable wealth in West Germany from 1973 … to 1998, and compares the changes in the size distribution of household disposable wealth in West and East Germany …. The Gini coefficients for disposable household wealth are about double the coefficients for household disposable income …
Persistent link: https://www.econbiz.de/10014073797
human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh …
Persistent link: https://www.econbiz.de/10013382060
-diversified, since they own relatively small amounts of financial wealth and hold a few types of financial assets. Furthermore, risky … likely to invest in financial assets as their income increases, but the share of financial assets in total wealth remains … subdued as household income increases, since at that point real estate wealth becomes dominant. Finally, we discover that …
Persistent link: https://www.econbiz.de/10014479723
This paper analyses the joint long-run evolution of wealth and income inequality. We show that top wealth and income … the Solow growth model. In this framework, the co-movement of top wealth and income shares is determined by the relative …-movement between top wealth and income shares over the past century …
Persistent link: https://www.econbiz.de/10013406476
This scholarly research endeavors to investigate the intricate interplay between labor and non-labor income and its contribution to the disparity of income across various states in the United States. The paper employs an analytical approach, utilizing an array of data and sophisticated...
Persistent link: https://www.econbiz.de/10014261880