Showing 1 - 10 of 71
How do sudden, large wealth losses affect mental health? Most prior studies of the causal effects of material well … market accumulations may not inform this question if the effect of wealth on health is asymmetric. We use exogenous variation … in the interview dates of the 2008 Health and Retirement Study to assess the impact of large wealth losses on mental …
Persistent link: https://www.econbiz.de/10009748354
, 19th century weight was higher in states with greater average wealth and population density and lower in states with … greater wealth inequality. …
Persistent link: https://www.econbiz.de/10011392586
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …
Persistent link: https://www.econbiz.de/10011551036
Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation … by Norwegian parents to a population panel data set with detailed information on disaggregated wealth portfolios and …
Persistent link: https://www.econbiz.de/10011814565
Using new long-run microdata, this paper studies wealth and income trends of college and noncollege households in the … United States since 1956. We document the emergence of a substantial college wealth premium since the 1980s, which is … considerably larger than the college income premium. Over the past four decades, the wealth of American households with a …
Persistent link: https://www.econbiz.de/10012031017
well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … extreme wealth inequality in society. …
Persistent link: https://www.econbiz.de/10012815788
We review the theoretical justification of consumption taxes in advanced economies, providing a systematic overview of the vast public finance literature exploring how goods and services should be taxed. Our discussion focuses on both the determinants of the optimal level of consumption taxation...
Persistent link: https://www.econbiz.de/10013419319
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality …
Persistent link: https://www.econbiz.de/10014564314
This paper explores the relationships between air pollution, income, wealth, and race by combining administrative data … of changes in income and wealth on pollution exposure over a five year horizon, finding that these income …
Persistent link: https://www.econbiz.de/10015121146
the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principalś choices they are … benefits from subsidizing investments in "green" capital (complementary to future savings) and tax investments in substitute …
Persistent link: https://www.econbiz.de/10010223357