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(HILDA) Survey, this paper demonstrates that wealth, which can be viewed as providing a degree of economic security, is at …
Persistent link: https://www.econbiz.de/10010261799
countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce …
Persistent link: https://www.econbiz.de/10010261968
and women, compared to non-Jews, with additional analyses of earnings, self-employment, and wealth. The Jews in Colonial …-employed professionals. The high level of human wealth of contemporary American Jews is not at the expense of non-human wealth. Overall, and … even when other variables including schooling are held constant, Jews have higher levels of wealth and higher rates of …
Persistent link: https://www.econbiz.de/10010269403
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using … pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …
Persistent link: https://www.econbiz.de/10010282619
increase individuals' financial literacy and that the relationship between financial literacy and wealth is largely …
Persistent link: https://www.econbiz.de/10010289931
for fluctuations in income and out-of-pocket medical expenses, as well as financial wealth sufficient to buffer against …
Persistent link: https://www.econbiz.de/10010289981
One problem with the theory of firm-specific human capital is that it is difficult to generate convincing examples of investment that could generate the sometimes observed large and continuing effects on earnings. Another approach, called the ?skill-weights? view, allows all skills to be general...
Persistent link: https://www.econbiz.de/10010261549
In 1958 Jacob Mincer pioneered an important approach to understand earnings distribution. In the years since Mincer?s seminal work, he as well as his students and colleagues extended the original human capital model, reaching important conclusions about a whole array of observations pertaining...
Persistent link: https://www.econbiz.de/10010261587
In this paper, we investigate the consequences of the rise in educational attainment on the US generational accounts. We build on the 1995 accounts of Gokhale et al. (1999) and disaggregate them per schooling level. We show that low skill newborns are characterized by a negative generational...
Persistent link: https://www.econbiz.de/10010261806
In this study we argue that wage inequality and occupational mobility are intimately related. We are motivated by our empirical findings that human capital is occupation-specific and that the fraction of workers switching occupations in the United States was as high as 16% a year in the early...
Persistent link: https://www.econbiz.de/10010261938