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Persistent link: https://www.econbiz.de/10011893732
We characterize the distribution of permanent-income and quantify the value of assets and human capital in lifetime wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for state-dependent stochastic discounting and unobserved...
Persistent link: https://www.econbiz.de/10012183332
Persistent link: https://www.econbiz.de/10013557073
A method to impute consumption expenditure inequality between wealth groups in the Survey of Consumer Finances is provided, allowing for measurement error that is correlated with income and wealth. Identification is derived from observing food at home and food away from home, which are relative...
Persistent link: https://www.econbiz.de/10012431070
Persistent link: https://www.econbiz.de/10012509087
A method to impute consumption expenditure inequality between wealth groups in the Survey of Consumer Finances is provided, allowing for measurement error that is correlated with income and wealth. Identification is derived from observing food at home and food away from home, which are relative...
Persistent link: https://www.econbiz.de/10012183653
Persistent link: https://www.econbiz.de/10005027219