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Intergenerational transfers : how do they shape the German wealth distribution?

Werder, Marten von - 2018

variations in the savings behavior over the wealth distribution and despite a strong relationship between initial household …. 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 …

Persistent link: https://www.econbiz.de/10011915902

The wealth decumulation behavior of the retired elderly in Italy : the importance of bequest motives and precautionary saving

Ventura, Luigi; Horioka, Charles - 2020

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the Bank of Italy. We find that, on average, the retired...

Persistent link: https://www.econbiz.de/10012198628

Save or pay-as-you-go : the effcts of ageing on optimal retirement funding

Hott, Christian - 2019

savings relative to pay-as-you go systems. Our results indicate that more wealth should be transferred from the young to the … implicit return on a pay-as-you-go system and the interest rate on savings should be equal to the growth rate of the economy …

Persistent link: https://www.econbiz.de/10012317293

Effects of Uncertain Lifetime and Annuity Insurance on Capital Accumulation and Growth

Fuster, Luisa - 2001

. This effect of uncertain lifetime on savings may also lead the economy to an equilibrium exhibiting asymptotic growth even …

Persistent link: https://www.econbiz.de/10014053037

Equilibrium Dynamics Under Lump-Sum Taxation in an Exchange Economy with Skewed Endowments

Puhakka, Mikko - 2005

I explore the dynamics in overlapping generations models with pure exchange and lump-sum taxes, when the second period after tax endowment is negative, and contrast the characteristics of equilibria to those of models with positive after tax endowments. In particular, if the intertemporal...

Persistent link: https://www.econbiz.de/10014062758

Chapter 11 The distribution of wealth

Davies, James B.; Shorrocks, Anthony F. - In: Handbook of income distribution : volume 1, (pp. 605-675). 2000

This chapter is concerned with the distribution of personal wealth, which usually refers to the material assets that can be sold in the marketpace, although on occasion pension rights are also included. We summarise the available evidence on wealth distribution for a number of countries. This...

Persistent link: https://www.econbiz.de/10014024198

The Welfare Effects of Liquidity Constraints

Jappelli, Tullio; Pagano, Marco - 2008

We analyze the welfare implications of liquidity constraints for households in an overlapping generations model with growth. In a closed economy with exogenous technical progress, liquidity constraints reduce welfare if the economy is dynamically inefficient. But if it is dynamically efficient,...

Persistent link: https://www.econbiz.de/10014206580

The Welfare Effects of Liquidity Constraints

Jappelli, Tullio; Pagano, Marco - 2008

Persistent link: https://www.econbiz.de/10014206582

Bubbles and crowding-in of capital via a savings glut : conference paper

Hillebrand, Marten; Kikuchi, Tomoo; Sakuragawa, Masaya - 2014

by a binding credit constraint, injecting a bubble triggers a savings glut. Higher returns in a new bubbly equilibrium …

Persistent link: https://www.econbiz.de/10010490685

Population growth, saving, interest rates and stagnation : discussing the Eggertsson-Mehrotra model

Spahn, Peter - 2016

Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New Keynesian OLG model derives an unemployment equilibrium due to a negative natural rate in a three-generations credit contract framework. Besides deleveraging or rising inequality, also...

Persistent link: https://www.econbiz.de/10011473021