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Estimating the Marginal Propensity to Consume Using the Distributions of Income, Consumption and Wealth

Fisher, Jonathan - 2019

Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and …-wealth households cannot smooth consumption as much as other households do, which further implies that increasing wealth inequality … likely reduces aggregate consumption and limits economic growth …

Persistent link: https://www.econbiz.de/10012872094

Long-term trends in the distribution of wealth and inheritance

Davies, James B.; Lluberas, Rodrigo; Waldenström, Daniel - 2024

This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate among the wealthy, while owner-occupied housing is...

Persistent link: https://www.econbiz.de/10015076060

Long-term trends in the distribution of wealth and inheritance

Davies, James B.; Lluberas, Rodrigo; Waldenström, Daniel - 2024

Persistent link: https://www.econbiz.de/10014564314

Heterogeneous bequests and social inequalities

Borissov, Kirill; Bosi, Stefano; Thai Ha Huy; Pakhnin, … - 2023

We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of steady-state equilibrium. We show that aggregate income is...

Persistent link: https://www.econbiz.de/10014384038

Wealth and welfare across generations

Sturrock, David - 2023

patient. I quantify the implications of changing circumstances for consumption and welfare. Later-born generations are … predicted to have higher consumption, despite accumulating no greater wealth, than their predecessors because their earnings are …

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

Estimating the marginal propensity to consume using the distributions of income, consumption and wealth

Fisher, Jonathan; Johnson, David S.; Smeeding, Timothy M.; … - 2019 - This version: February 2019

Persistent link: https://www.econbiz.de/10011995764

Dimensions of Inequality in Japan : Distributions of Earnings, Income and Wealth between 1984 and 2014

Kitao, Sagiri - 2019

Inequality has become a central policy issue across the world. We study trends of inequality in earnings, income and wealth across households in Japan, using the National Survey of Family Income and Expenditure (NSFIE) from 1984 to 2014. We focus on the transition of inequality unconditionally...

Persistent link: https://www.econbiz.de/10012869148

Housing, wealth accumulation and wealth distribution : evidence and stylized facts

Causa, Orsetta; Woloszko, Nicolas; Leite, David - 2019

This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several questions: i) How is homeownership and housing tenure...

Persistent link: https://www.econbiz.de/10012202943

Life cycle saving and dissaving revisited across three-tiered income groups : starting hypotheses, refinement through literature review, and ideas for empirical testing

Holzmann, Robert; Ayuso, Mercedes; Alaminos, Estefanía; … - 2019

a constant consumption stream across their lifecycle saving till retirement and dis-saving thereafter. The reality is …

Persistent link: https://www.econbiz.de/10012120686

Housing, Distribution and Welfare

Kiyotaki, Nobuhiro - 2020

large fraction of the population is leveraged, housing price fluctuations cause large-scale redistribution and consumption …, home-ownership subsidies keep the rental market small and the housing cycle affects aggregate consumption. Removing home …

Persistent link: https://www.econbiz.de/10012835957