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coupled with amortizing mortgages, is a key driver of household wealth building and inequality, and that the amortization-wealth … contributions. We provide the first empirical evidence on the causal effects of mortgage amortization on wealth accumulation. Ex … consumption/labor supply, there would be no effect on wealth. We use individual administrative data and plausibly exogenous …
Persistent link: https://www.econbiz.de/10012244519
large majority of subjects indeed have a bias in the perception of wealth, such that balance sheet composition matters: for … implies greater perceived wealth. The predominance of this bias is explained by low cognitive sophistication and great …
Persistent link: https://www.econbiz.de/10012138808
large majority of subjects indeed have a bias in the perception of wealth, such that balance sheet composition matters: for … implies greater perceived wealth. The predominance of this bias is explained by low cognitive sophistication and great …
Persistent link: https://www.econbiz.de/10012133168
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 households. However, the raw gap is almost negligible for second generation … migrant households, whereas it rises across the unconditional net wealth distribution for first generation migrant households …
Persistent link: https://www.econbiz.de/10012598465
on the wealth of households. Specifically, we consider additional property taxation, 70% taxation of income without a … extent to which this increase affects the Gini coefficient (inequality). The methodology used is descriptive and empirical …
Persistent link: https://www.econbiz.de/10014506697
consumption decisions. Despite the fact that measuring housing wealth is crucial for understanding households' economic behavior … data requirements while still meeting international guidelines. Our results suggest housing wealth in Mexico has followed …
Persistent link: https://www.econbiz.de/10013440248
Wealth Databook (an annual publication of Credit Suisse Research Institute), has been significantly underestimating both the …
Persistent link: https://www.econbiz.de/10013347462
household wealth lead to a greater tendency to hold and manage risky assets. Our decomposition analysis also shows that the gap …
Persistent link: https://www.econbiz.de/10013329395
how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate … wealth causes house price appreciation--counties with higher crypto wealth see higher growth in home values following high …
Persistent link: https://www.econbiz.de/10014322832
how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate … wealth causes house price appreciation—counties with higher crypto wealth see higher growth in home values following high …
Persistent link: https://www.econbiz.de/10014350094