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contrast, monetary policy has only negligible effects on wealth inequality. …
Persistent link: https://www.econbiz.de/10011921470
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
Persistent link: https://www.econbiz.de/10015077064
This paper presents new estimates of wealth inequality in Sweden during 2000-2012, linking wealth register data up to … of the wealth tax stopped the collection of individual wealth statistics. We find that wealth inequality increased after … estimates may well approximate overall inequality levels and trends, they are highly sensitive to assumptions and the quality of …
Persistent link: https://www.econbiz.de/10011458797
Nearly 25 years after the German reunification, vastly different living conditions between East and West Germany still remain. This is particularly true for the distribution of net wealth which is of special importance for the well-being of individuals. Wealth provides utility in a number of...
Persistent link: https://www.econbiz.de/10011348393
We investigate how previous generations of migrants and their children integrated into Austrian society, as measured by their wealth ownership. Using data from the Household Finance and Consumption Survey (HFCS), we document a positive average migrant wealth gap between migrant and native...
Persistent link: https://www.econbiz.de/10012598465
Persistent link: https://www.econbiz.de/10012123198
This paper examines the role of peer effects in smoking behavior using data of middle and high school students in the United States. I present a random utility model that explicitly incorporates complementarity between individual and peer smokings. A Markov process model of smoking interactions...
Persistent link: https://www.econbiz.de/10001990751
This paper proposes new estimation techniques for gravity models with zero trade values and heteroscedasticity. We propose various Heckman estimators with different distributions of the residuals, nonlinear forms of both selection and measure equations, and various process of the variance. We...
Persistent link: https://www.econbiz.de/10012889139
We analyze the Large Deviation Probability (LDP) of linear factor models generated from non-identically distributed components with regularly-varying tails, a large subclass of heavy tailed distributions. An efficient sampling method for LDP estimation of this class is introduced and...
Persistent link: https://www.econbiz.de/10012889760