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The distributional effects of peer and aspirational pressure

Angelopulos, Kōnstantinos; Lazarakis, Spyridon; … - 2019

main patterns of inequality, between and within the social groupings. We find that the effects of peer pressure on within …-group inequality differ between groups. We also find that wealth and consumption inequality increase within groups who aspire to match … social targets from a higher class, despite a reduction in within-group inequality in hours and earnings. …

Persistent link: https://www.econbiz.de/10012103597

The college wealth divide : education and inequality in America, 1956-2016

Bartscher, Alina K.; Kuhn, Moritz; Schularick, Moritz - 2019

financial literacy and business ownership for the increase in wealth inequality between college and non-college households. …

Persistent link: https://www.econbiz.de/10012031017

Modigliani meets minsky : inequality, debt, and financial fragility in America, 1950-2016

Bartscher, Alina K.; Kuhn, Moritz; Schularick, Moritz; … - 2020

This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and …

Persistent link: https://www.econbiz.de/10012213102

Leveraged bubbles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2015

What risks do asset price bubbles pose for the economy? This paper studies bubbles in housing and equity markets in 17 countries over the past 140 years. History shows that not all bubbles are alike. Some have enormous costs for the economy, while others blow over. We demonstrate that what makes...

Persistent link: https://www.econbiz.de/10011309562

Sovereigns versus banks : credit, crises, and consequences

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2013

Two separate narratives have emerged in the wake of the Global Financial Crisis. One speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and worries about the...

Persistent link: https://www.econbiz.de/10010199757

The great mortgaging : housing finance, crises, and business cycles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2014

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

Persistent link: https://www.econbiz.de/10010412763

The anatomy of the global saving glut

Bauluz, Luis; Novokmet, Filip; Schularick, Moritz - 2022

China. In the past four decades, global saving inequality has risen sharply. The share of household saving flows coming from …

Persistent link: https://www.econbiz.de/10013187481

Wealth and its distribution in Germany, 1895-2018

Albers, Thilo N. H.; Bartels, Charlotte; Schularick, Moritz - 2022

German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime changes, as well as a hyperinflation and three currency reforms, expropriations and territorial divisions, it provides unique insights into the role of country-specific shocks in...

Persistent link: https://www.econbiz.de/10013187686

Pandemic-induced wealth and health inequality and risk exposure

Angelopulos, Kōnstantinos; Lazarakis, Spyridon; Mancy, … - 2021

in wealth and health, implying persistent increases in wealth inequality that are characterised by increases in wealth … and/or with lower wealth. These changes lead to inequality in exposure to post-pandemic income risk and, in particular, an … incentivising investment in health for those with low wealth and health, it reduces health inequality and, in the short run, the …

Persistent link: https://www.econbiz.de/10012697960

Asymmetries in earnings, employment and wage risk in Great Britain

Angelopulos, Kōnstantinos; Lazarakis, Spyridon; … - 2017

This paper examines the relationship between idiosyncratic risk in labour income and fluctuations in aggregate labour market quantities for Great Britain. We use data from the British Household Panel Survey (BHPS) for 1991-2008 and from the BHPS sub-sample of Understanding Society for 2010-2014....

Persistent link: https://www.econbiz.de/10011624196