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administrative data from China, we document a substantial increase in inequality of wealth held in risky assets by Chinese households …, 250B RMB through active trading in this period, or 30% of either group's initial equity wealth. In comparison, the return …
Persistent link: https://www.econbiz.de/10012848961
wealthy and all households alike, income and financial wealth are positively related to participation in SRI funds. For all … both all and wealthy households, income is negatively related to the value of their SRI holdings, while financial wealth is …
Persistent link: https://www.econbiz.de/10012852801
In this paper, we present updated measures of racial disparities in wealth using the most recent data from the Survey … of Consumer Finances (SCF), augmented by household-level estimates of defined benefit (DB) pension wealth developed by … Sabelhaus and Volz (2020). Including this important asset, we find that racial wealth disparities are smaller than the numbers …
Persistent link: https://www.econbiz.de/10012818818
In many countries, migrants hold less wealth than natives. This paper assesses how migrants and natives accumulate … wealth over time by studying changes in net worth, referred to as savings, thereby contributing to the understanding of the … migrant-native wealth gap. Relying on longitudinal data from the German Socio-Economic Panel (SOEP), the paper finds that …
Persistent link: https://www.econbiz.de/10012894963
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced …
Persistent link: https://www.econbiz.de/10012985794
The Panel on Household Finances (PHF) is a new panel survey on household finances and wealth in Germany conducted by …
Persistent link: https://www.econbiz.de/10012988823
In this report, we present improved wealth measures for the Health and Retirement Study (HRS), which aim to reduce the … effect of observation error on wealth levels and changes in wealth. The new wealth measures take account of the asset … data reduce the standard deviations of wave-to-wave changes by substantial amounts (up to 57 percent for total wealth). The …
Persistent link: https://www.econbiz.de/10012989581
housing quality of consumers who receive intra-family wealth transfers to those that do not. Our analysis is based on … household-level panel data providing information on the receipt of wealth transfers, changes in tenure status as well as changes … in the size and quality of housing. On average we find that the receipt of a wealth transfer increases the propensity of …
Persistent link: https://www.econbiz.de/10012935546
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/10012996689
Private wealth is a crucial factor for the economic well‐being of households. Key determinants of private wealth … include intergenerational wealth transfers (gifts and inheritances), which are gaining importance since 1990, as research … suggests. We conduct a detailed investigation of the distribution of wealth transfers in eight Euro‐area countries. First, we …
Persistent link: https://www.econbiz.de/10012997148