Search Results - subject:"wealth preference" - EconBiz

Insatiable wealth preference: Evidence from Japanese household survey

Akesaka, Mika; Mikami, Ryo; Ono, Yoshiyasu - 2024

This study theoretically considers household behavior with wealth preference and empirically investigates the validity … of insatiable wealth preference using a nationally representative survey. With wealth preference, the marginal rate of … increase and has a strictly positive lower bound, implying the insatiability of wealth preference. This property plays a …

Persistent link: https://www.econbiz.de/10015054265

Environmental policies and stagnation in a two-country economy

Ikefuji, Masako; Ono, Yoshiyasu - In: Economic modelling 141 (2024), pp. 1-11

Persistent link: https://www.econbiz.de/10015191730

Insatiable wealth preference : evidence from Japanese household survey

Akesaka, Mika; Mikami, Ryo; Ono, Yoshiyasu - 2024 - Revised May 23, 2024

This study theoretically considers household behavior with wealth preference and empirically investigates the validity … of insatiable wealth preference using a nationally representative survey. With wealth preference, the marginal rate of … increase and has a strictly positive lower bound, implying the insatiability of wealth preference. This property plays a …

Persistent link: https://www.econbiz.de/10015046452

The Preference for Wealth and Inequality: Towards a Piketty Theory of Wealth Inequality

Michau, Jean-Baptiste; Ono, Yoshiyasu; Schlegl, Matthias - 2023

What are the consequences of the preference for wealth for the accumulation of capital and for the dynamics of wealth inequality? Assuming that wealth per se is a luxury good, inequality tends to rise whenever the interest rate is larger than the economic growth rate. This induces the economy to...

Persistent link: https://www.econbiz.de/10014469521

The preference for wealth and inequality: Towards a Piketty theory of wealth inequality

Michau, Jean-Baptiste; Ono, Yoshiyasu; Schlegl, Matthias - 2023

What are the consequences of the preference for wealth for the accumulation of capital and for the dynamics of wealth inequality? Assuming that wealth per se is a luxury good, inequality tends to rise whenever the interest rate is larger than the economic growth rate. This induces the economy to...

Persistent link: https://www.econbiz.de/10014540454

The preference for wealth and inequality : towards a piketty theory of wealth inequality

Michau, Jean-Baptiste; Ono, Yoshiyasu; Schlegl, Matthias - 2023

Persistent link: https://www.econbiz.de/10014429067

The preference for wealth and inequality : towards a piketty theory of wealth inequality

Michau, Jean-Baptiste; Ono, Yoshiyasu; Schlegl, Matthias - 2023

What are the consequences of the preference for wealth for the accumulation of capital and for the dynamics of wealth inequality? Assuming that wealth per se is a luxury good, inequality tends to rise whenever the interest rate is larger than the economic growth rate. This induces the economy to...

Persistent link: https://www.econbiz.de/10014444051

The preference for wealth and inequality : towards a Piketty theory of wealth inequality

Michau, Jean-Baptiste; Ono, Yoshiyasu; Schlegl, Matthias - 2023

What are the consequences of the preference for wealth for the accumulation of capital and for the dynamics of wealth inequality? Assuming that wealth per se is a luxury good, inequality tends to rise whenever the interest rate is larger than the economic growth rate. This induces the economy to...

Persistent link: https://www.econbiz.de/10014451944

Wealth preference and rational bubbles

Michau, Jean-Baptiste; Ono, Yoshiyasu; Schlegl, Matthias - 2018

We consider a neoclassical economy where households derive utility from holding wealth. We show that, under some conditions, there can be rational bubbles. Hence, we provide a microfoundation for bubbles that relies on a frictionless infinite-horizon economy without any heterogeneity across...

Persistent link: https://www.econbiz.de/10012013646

Wealth Preference and Rational Bubbles

Michau, Jean-Baptiste; Ono, Yoshiyasu; Schlegl, Matthias - 2018

We consider a neoclassical economy where households derive utility from holding wealth. We show that, under some conditions, there can be rational bubbles. Hence, we provide a microfoundation for bubbles that relies on a frictionless infinite-horizon economy without any heterogeneity across...

Persistent link: https://www.econbiz.de/10011887408

A service of the