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wealth is difficult to establish due to many potential sources of endogeneity. Utilizing the Household Finance and … wealth position of the household only through homeownership. For the sample of inheritors we find that the local average … reductions in the net holdings of financial and other real wealth of the treated households. …
Persistent link: https://www.econbiz.de/10011429581
Davies et al. (2008, 2011) provided the first estimates of the global distribution of wealth, using 2000 as the … learned about trends in the level and distribution of global wealth for the period 2000-14. Finally, the paper discusses the …
Persistent link: https://www.econbiz.de/10011431792
Using the 2006 and 2010 Health and Retirement Study, we explore how the recent recession impacted the wealth holding … household asset ownership, asset wealth and household retirement behavior varied with the nativity of the household and its … standing in the wealth distribution prior to the onset of the recession. We find that the so-called Great Recession made a …
Persistent link: https://www.econbiz.de/10011288760
We analyze the top tail of the wealth distribution in Germany, France, Spain, and Greece based on the Household Finance … and Consumption Survey (HFCS). Since top wealth is likely to be underrepresented in household surveys we integrate the big … of household wealth in Germany jumps up from 24 percent in the HFCS alone to 33 percent after top wealth imputation. For …
Persistent link: https://www.econbiz.de/10011317780
While most studies on wealth inequality focus on the inequality between households, this paper examines the … distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio … partnership) that might explain this wealth gap. We find that all factors contribute to the explanation of the wealth gap within …
Persistent link: https://www.econbiz.de/10009707605
wealth by aggregating visible goods and assets using principal component weights. We find that relative deprivation in … visible wealth has a ten percentage point higher explanatory power for reporting a high level of perceived deprivation than … finding sheds light on the importance of the visibility of the objects of comparison for an individual's assessment of his …
Persistent link: https://www.econbiz.de/10010363484
While most studies on wealth inequality focus on the inequality between households, this paper examines the … distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio … partnership) that might explain this wealth gap. We find that all factors contribute to the explanation of the wealth gap within …
Persistent link: https://www.econbiz.de/10010195489
In a recent representative survey, German citizens are asked whether or not inherited wealth beyond a certain amount … this fundamental opposition against the taxation of inherited wealth. We find monetary self-interest and redistributive …-term care. Being at the heart of intra-familial exchange relations, women are more likely to oppose wealth transfer taxation …
Persistent link: https://www.econbiz.de/10011546290
from housing price increases. The capital gains from bond price increases (relative to household net wealth) do not … correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … contrast, equity price increases largely benefit the top end of the net wealth (and income) distribution, thus amplify net …
Persistent link: https://www.econbiz.de/10011491938
Research on wealth inequality usually focuses on real and financial assets, while pension wealth – the present value of … and, thus, should be accounted for in peoples’ wealth portfolios. Using novel data from the Socio Economic Panel (SOEP …), we show the incidence, relevance, and distribution of individual pension wealth, net worth, and augmented wealth (the sum …
Persistent link: https://www.econbiz.de/10011509132