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Monetary policy and wealth inequality over the great recession in the UK : an empirical analysis

Mumtaz, Haroon; Theophilopoulou, Angeliki - 2019

inequality from 2005 to 2016 at the monthly frequency. We investigate the dynamic relationship between monetary policy and the … evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …

Persistent link: https://www.econbiz.de/10012120339

Health heterogeneity, portfolio choice and wealth inequality

Jung, Jürgen; Tran, Chung - 2024

Persistent link: https://www.econbiz.de/10015394245

Wealth and welfare across generations

Sturrock, David - 2023

Although older generations have substantially more wealth than their recent predecessors did at the same age, younger generations do not. Bringing together UK data on those born between the 1930s and 1980s and a lifecycle model of saving, I quantify whether this is due to changes in preferences...

Persistent link: https://www.econbiz.de/10014373405

Wealth transfers and homeownership in Malta

Antonaroli, Valentina; Deguara, Warren; Castaldo, … - 2025

In this paper, we study the role of wealth transfers in shaping homeownership in Malta. Leveraging data from four waves of the Maltese Household Finance and Consumption Survey, we perform a logistic regression to investigate how financial inflows in the form of gifts or inheritances, affect (i)...

Persistent link: https://www.econbiz.de/10015329719

Nonlinear household earnings dynamics, self-insurance, and welfare

De Nardi, Mariacristina; Fella, Giulio; Paz Pardo, Gonzalo - 2018

inequality over the life cycle and of the individual-level degree of consumption insurance against persistent earnings shocks …

Persistent link: https://www.econbiz.de/10011872415

A comparison of saving rates : micro evidence from seventeen Latin American and Caribbean countries

Gandelman, Néstor - 2015

Using micro data on expenditure and income for 17 Latin American and Caribbean (LAC) countries, this paper presents stylized facts on saving behavior by age, education, income and place of residence. Counterfactual saving rates are computed by imposing the saving behavior, the population...

Persistent link: https://www.econbiz.de/10011316663

Estimating temptation and commitment over the life-cycle

Kovacs, Agnes; Low, Hamish; Moran, Patrick - 2020

This paper estimates the importance of temptation (Gul and Pesendorfer, 2001) for consumption smoothing and asset accumulation in a structural life-cycle model. We use two complementary estimation strategies: ﬁrst, we estimate the Euler equation of this model; and second we match liquid and...

Persistent link: https://www.econbiz.de/10012253295

Wealth inequality and the distributional effects of maximum loan-to-value ratio policy

Gatt, William - 2023

, and are these consequences conditional on the a priori level of wealth inequality? This paper answers these questions by … wealth inequality across two economies with different initial wealth dispersion. It uses a heterogeneous agent model in which … downpayment. The key finding of this paper is that initial conditions matter; the lower is wealth inequality ex-ante, the higher …

Persistent link: https://www.econbiz.de/10014335097

Wealth inequality in Latin America

Carranza, Rafael; Rosa, Mauricio de; Flores, Ignacio - 2023

recognized for its extreme income inequality, reliable data on wealth is scarce, partial and oftentimes contradictory, making it … inequality based on recently available surveys. We contrast our results with the literature, with a handful of state … estimates and 5-6 times at book values. We also find that wealth inequality is amongst the highest in the world were it can be …

Persistent link: https://www.econbiz.de/10014536253

Returns to higher education in Chile and Colombia

González-Velosa, Carolina; Rucci, Graciana; Sarzosa, Miguel - 2015

In the last decades, countries in Latin America and the Caribbean have experienced a dramatic increase in the levels of higher education enrollment. Using administrative data from Chile and Colombia, we find that this phenomenon is not always associated with higher private individual returns. In...

Persistent link: https://www.econbiz.de/10011290957