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The effects of the German unemployment compensation system on aggregate savings and the distribution of wealth are … our main results: (i) both aggregate savings and wealth equality are a monotone decreasing function of unemployment …
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We use an agent-based stock-flow consistent model of a closed economy without technological change that considers different classes of households, status consumption and a Minskyan banking sector to analyze the relationship between rising saving rates, the accumulation and distribution of...
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, differential savings delivers a direct relationship between the capitalist share of wealth and the capital-income ratio independent …
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The paper examines three aspects of a financial crisis of domestic origin. The first section studies the evolution of a debt-financed consumption boom supported by rising asset prices, leading to a credit crunch and fluctuations in the real economy, and, ultimately, to debt deflation. The next...
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I investigate the effect of rising income inequality on the natural rate of interest in an economy with "rich" households with preferences over wealth and "non-rich" households, a housing market and credit market frictions. Simulating the increase in interpersonal and functional income...
Persistent link: https://www.econbiz.de/10012061944
. This study adds to the discussion by providing causal estimates for the effect of transfer receipt on the savings behavior … of households. The model allows for dynamic adjustment and variations in the savings behavior over the wealth … transfer volume, the transfer incidence over the wealth distribution and the effect of the savings behavior. The results are …
Persistent link: https://www.econbiz.de/10011915902