Showing 1 - 10 of 122
We address the efficiency of expenditure in education provision by comparing the output (PISA results) from the educational system of 25, mostly OECD, countries with resources employed (teachers per student, time spent at school). We estimate a semi-parametric model of the education production...
Persistent link: https://www.econbiz.de/10011604540
. Distributional information on households’ wealth is availablefrom the Household Finance and Consumption Survey only for three points … quarterly distributional national wealth by (i) improving the alignment of surveyfieldwork periods with the national accounts … series; and (v)computing euro area aggregates. This paper finds an increase in the net wealth Gini of mosteuro area countries …
Persistent link: https://www.econbiz.de/10014030310
I investigate the effect of wealth on consumption in a new dataset with financial and housing wealth from 16 countries …-run) marginal propensity to consume out of total wealth is 5 cents (averaged across countries). While the wealth effects are quite … euro area economies, consumption only barely reacts to wealth elsewhere. The effect of housing wealth is somewhat smaller …
Persistent link: https://www.econbiz.de/10013154678
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/10013072608
wealth (and income). The significance of inheritances for home ownership and holding of other real estate is remarkable. We …
Persistent link: https://www.econbiz.de/10013049467
This article aims at linking the household wealth and income distributions for 15 European countries using the … determining its location in the wealth distribution. A generalized ordered probit model is estimated to explain the role played by … the position in the income distribution and by intergenerational transfers on the probability to be in a given wealth …
Persistent link: https://www.econbiz.de/10013053420
evidence that wealth is heavily concentrated at the upper tail of the wealth distribution. A commonly cited number for the US … is that 1 percent of the households hold 30 percent of total household wealth. I investigate the reliability of upper … tail wealth estimates from household wealth surveys in the presence of survey differential non-response, i.e. the fact that …
Persistent link: https://www.econbiz.de/10013053766
wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth … three factors, in addition to the common household and demographic factors, are relevant for the net wealth accumulation … particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area …
Persistent link: https://www.econbiz.de/10013054675
This paper compares the survey results on savings deposits and estimates on total financial assets from the Household Finance and Consumption Survey (HFCS) in Austria with administrative records from the national accounts for the household sector. The micro data newly generated through the HFCS...
Persistent link: https://www.econbiz.de/10013054679
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/10013055306