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and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other … of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality …This paper analyses the level of inequality in Spain and how it evolved over the course of the past crisis and the …
Persistent link: https://www.econbiz.de/10011967426
contrast, monetary policy has only negligible effects on wealth inequality. …This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …
Persistent link: https://www.econbiz.de/10011921470
residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in …This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on … an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several …
Persistent link: https://www.econbiz.de/10012202943
effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and … the impact of the shock on individuals’ economic choices. Wealth shocks are large across the population, but more … pronounced for middle-age households and those higher in the wealth and income distributions. This contrasts with income shocks …
Persistent link: https://www.econbiz.de/10012206687
This paper presents data on the wealth of households by age cohort based on new data from the 2013 Survey of Consumer … Finances (SCF). It shows that the upward redistribution of wealth continued between 2010 and 2013. As a result, most households … had less wealth in 2013 than they did in 2010 and much less than in 1989, the first year examined. This is in spite of the …
Persistent link: https://www.econbiz.de/10011096690
Retirement wealth is often viewed as a great equalizer, offsetting the inequality in standard household net worth. One … considerably weaker offsetting effect on wealth inequality in 2001 than in 1983. Whereas standard net worth inequality increased … modestly between 1983 and 2001, the inequality of augmented wealth (the sum of retirement wealth and net worth) surged from …
Persistent link: https://www.econbiz.de/10010266432
among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality … while house price increases do the opposite. Inheritances exacerbate absolute wealth inequality but reduce rel …-ative inequality. Wealth inequality declined in advanced Western countries during the first half of the 20th century, then stabilized …
Persistent link: https://www.econbiz.de/10015047235
We demonstrate that increased automation has a significant negative impact on distribution of wealth. Households who … are more exposed to industrial robots at work accumulate less wealth and experience greater downward mobility in the … wealth distribution. The negative wealth effects of robots are not merely a consequence of differences in earned incomes or …
Persistent link: https://www.econbiz.de/10012851617
While inequality of opportunity (IOp) in earnings is well studied, the literature on IOp in individual net wealth is … and for a detailed decomposition of net wealth inequality into a variety of circumstances; among them childhood background … that about 62% of the inequality in net wealth is due to circumstances. The most important circumstances are …
Persistent link: https://www.econbiz.de/10014374802
While inequality of opportunity (IOp) in earnings is well studied, the literature on IOp in individual net wealth is … and for a detailed decomposition of net wealth inequality into a variety of circumstances; among them childhood background … that about 62% of the inequality in net wealth is due to circumstances. The most important circumstances are …
Persistent link: https://www.econbiz.de/10014469604