Showing 1 - 10 of 198
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10011600825
Differences in individual wealth holdings are widely viewed as a driving force of economic inequality. However, as this … in cross-sections, which eliminates transitory wealth inequality due to age, yet preserves inequality arising from other … yield erroneous wealth inequality rankings of countries. …
Persistent link: https://www.econbiz.de/10005017433
insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …
Persistent link: https://www.econbiz.de/10013373186
The definition and operationalization of wealth information in population surveys and the corresponding microdata …-data-collection stage may interfere considerably with the substantive research question. Looking at wealth data from the German SOEP, this … analysis affects wealth distribution and inequality analysis. Obviously, when measured in "per capita household" terms, wealth …
Persistent link: https://www.econbiz.de/10011600649
analyze the upper edge of income and wealth distribution in Germany with data from the German Socio·Economic Panel (SOEP … wealth they have on average (intensity), and how these financial resources are distributed among the rich persons … upper edge of income and wealth distribution. For example, we find that in comparison to the average in Germany, civil …
Persistent link: https://www.econbiz.de/10011185780
The definition and operationalization of wealth information in population surveys and the corresponding microdata …-data-collection stage may interfere considerably with the substantive research question. Looking at wealth data from the German SOEP, this … analysis affects wealth distribution and inequality analysis. Obviously, when measured in "per capita household" terms, wealth …
Persistent link: https://www.econbiz.de/10005017464
While inequality of opportunity (IOp) in earnings is well studied, the literature on IOp in individual net wealth is … wealth and income distribution can significantly diverge. We measure ex-ante IOp in net wealth for Germany using data from … wealth before effort is exerted. The SOEP allows for a direct mapping from individual circumstances to individual net wealth …
Persistent link: https://www.econbiz.de/10014374802
We present empirical evidence on the heterogeneity in monetary policy transmission across countries with different home ownership rates. We use household-level data together with shocks to the policy rate identified from high-frequency data. We find that housing tenure reacts more strongly to...
Persistent link: https://www.econbiz.de/10011962191
We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions such as those around retirement should not affect consumption. However, we first recall that given higher leisure endowments after retirement, the theory does predict a fall of...
Persistent link: https://www.econbiz.de/10011499563
analyzed empirically using micro data from the German Socio-Economic Panel Study (GSOEP). Wealth in 2002 is regressed on … also taken into account. When using net financial wealth, precautionary saving is statistically significant and … economically quite important. The share of precautionary net financial wealth in total aggregate net financial wealth is on average …
Persistent link: https://www.econbiz.de/10011600667