Showing 1 - 10 of 36
Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated … wealth over the past 25 years. Nonetheless, this has not led to an equally large increase in property income because the … decrease in rates of return seems to contradict claims that, due to an increase in both financial and inherited wealth, we are …
Persistent link: https://www.econbiz.de/10014278404
This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates … contrast, monetary policy has only negligible effects on wealth inequality. …
Persistent link: https://www.econbiz.de/10012142034
. Finally, substantial crosscountry heterogeneity in marginal propensities to consume out of income and wealth components calls …
Persistent link: https://www.econbiz.de/10012389546
area M3. Wefind that the elasticities in the money demand and the real wealth relations identified previously in Beyer …-to-real transformation is not rejected for the money relation whereas the wealth relation cannot be expressed in real terms. …
Persistent link: https://www.econbiz.de/10012389568
We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across … individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD …). First, we find significant displacement effects of mandatory pension wealth on non-pension financial wealth at the mean, and …
Persistent link: https://www.econbiz.de/10012422034
We analyse the effect of shocks to housing wealth and income before and after the Great Recession. We combine datasets … containing information on expenditure, income, wealth and debt in a synthetic panel to understand how household indebtedness … affects the response to income and wealth shocks.We find evidence for both a housing wealth effect and income shocks …
Persistent link: https://www.econbiz.de/10012422051
Based on the households' utility maximisation, a closed form approximation of the consumption function is derived and the deep parameters of the consumption function are estimated using aggregate euro area data. The novel element in our approach is the parameterisation of the information content...
Persistent link: https://www.econbiz.de/10011604297
is affected by the gap between `target' and actual wealth, with the target wealth determined by credit conditions and … saving rate's long-term decline, while fluctuations in net wealth and uncertainty capture the bulk of the business …
Persistent link: https://www.econbiz.de/10011605519
in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth … consumption, income and wealth can be analysed. Current researches linking macro and micro information for the households have … to household wealth using both survey data and financial accounts. It builds a link between wealth survey and national …
Persistent link: https://www.econbiz.de/10011605664
Crossing borders, be it international or regional, often go together with price, wage or indeed wealth discontinuities …. This paper identifies substantial wealth differences between Luxembourg resident households and cross-border commuter … households despite their similar incomes. The average (median) net wealth difference is estimated to be €367,000 (€129,000) and …
Persistent link: https://www.econbiz.de/10011605717