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attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e … wealth disparities not only through education and higher earnings, but also through their impact on the ability to process …
Persistent link: https://www.econbiz.de/10011613150
attainment independently predict household wealth in the Health and Retirement Study (HRS). This relationship is partly explained … gradient in wealth.We show that individuals with lower genetic scores are more prone to reporting "extreme beliefs" (e … wealth disparities not only through education and higher earnings, but also through their impact on the ability to process …
Persistent link: https://www.econbiz.de/10011653295
Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that allowing for these rich features of earnings dynamics, in the context of a structurally estimated life-cycle portfolio choice model, helps to rationalize the limited participation...
Persistent link: https://www.econbiz.de/10014278693
in wealth, attempting to highlight the paths between the various facets of gender inequality. Throughout the review, much …
Persistent link: https://www.econbiz.de/10014025339
This report summarises key stylised facts from the first wave of the Eurosystem Household Finance and Consumption Survey, which provides household-level data collected in a harmonised way in 15 euro area countries for a sample of more than 62,000 households. The report presents results on...
Persistent link: https://www.econbiz.de/10011664034
This article reviews the distribution of income and wealth in the US from three basic perspectives that tend to be …
Persistent link: https://www.econbiz.de/10012982965
wealth accumulation through several distinct channels. We focus on genetic markers that predict educational attainment … returns, both of which contribute to wealth inequality. Counterfactual policy exercises indicate that two ways to lower costs … distributions of welfare costs even though the latter policy appears to reduce wealth differences between agents with different …
Persistent link: https://www.econbiz.de/10013362004
English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …
Persistent link: https://www.econbiz.de/10010402537
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality …
Persistent link: https://www.econbiz.de/10014564314
this paper is to propose a multi-stage framework for analysing the bequest decision and to examine the evidence for Great … the relationship with wealth at death, on the form of the bequest, and on the different causes to which people bequeath …. -- charitable donations ; bequests ; wealth ; death ; estate tax ; NGOs …
Persistent link: https://www.econbiz.de/10009668307