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Exposure to the COVID-19 stock market crash and its effect on household expectations

Hanspal, Tobin; Weber, Annika; Wohlfart, Johannes - 2020

We survey a representative sample of US households to study how exposure to the COVID-19 stock market crash affects expectations and planned behavior. Wealth shocks are associated with upward adjustments of expectations about retirement age, desired working hours, and household debt, but have...

Persistent link: https://www.econbiz.de/10012223788

Income and wealth shocks and expectations during the COVID-19 pandemic

Hanspal, Tobin; Weber, Annika; Wohlfart, Johannes - 2020

In early April 2020 we conducted a survey on a representative sample of more than 8,000 US households to study the effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and the impact of the shock on individuals’ economic...

Persistent link: https://www.econbiz.de/10012206687

Inequality and the marriage gap : conference paper

Siassi, Nawid - 2014

Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality …

Persistent link: https://www.econbiz.de/10010489954

Inherited wealth and demographic aging

Onder, Harun; Pestieau, Pierre - 2016

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...

Persistent link: https://www.econbiz.de/10011499894

Top earners : cross-country facts

Badel, Alejandro; Daly, Moira; Huggett, Mark; Nybom, Martin - 2017

We provide a common set of life-cycle earnings statistics using administrative data from the United States, Canada, Denmark and Sweden. Three qualitative patterns are common across countries: (1) the earnings distribution above the median fans out with age, (2) the extreme right tail of the...

Persistent link: https://www.econbiz.de/10011697392

Inequality, relative deprivation and financial distress: evidence from Swedish register data

Roth, Paula - 2020

Several studies have linked rising insolvency rates to increasing inequality and argued that this might be explained by …, I test whether the probability to become insolvent is related to inequality in one's reference group or to one's income … varying the definition of relevant reference groups. I find that there is a positive relationship between inequality and …

Persistent link: https://www.econbiz.de/10012385126

Losers amongst the losers : the welfare effects of the Great Recession across cohorts

Ferrari, Alessandro - 2020

This paper studies the effect of deep recessions on intergenerational inequality by quantifying the welfare effects on …

Persistent link: https://www.econbiz.de/10012390444

Fairness in times of crisis : negative shocks, relative income and preferences for redistribution

Hochleitner, Anna - 2022

While economic crises tend to raise questions about a fair distribution of resources, less is known about whether and how fairness views themselves are affected by negative shocks. To answer this question, I conduct two experimental studies investigating the causal link between income shocks and...

Persistent link: https://www.econbiz.de/10013169002

The distribution of wealth and the marginal propensity to consume

Carroll, Chris; Slacalek, Jirka; Tokuoka, Kiichi; … - In: Quantitative economics : QE ; journal of the … 8 (2017) 3, pp. 977-1020

degree of heterogeneity in household preferences or beliefs is sufficient to match empirical measures of wealth inequality in …

Persistent link: https://www.econbiz.de/10011801783

The salary taboo : privacy norms and the diffusion of information

Cullen, Zoë B.; Perez-Truglia, Ricardo - 2020 - This Draft: January 2020

The limited diffusion of salary information has implications for labor markets, such as wage discrimination policies and collective bargaining. Access to salary information is believed to be limited and unequal, but there is little direct evidence on the sources of these information frictions....

Persistent link: https://www.econbiz.de/10012175687