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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/10014564314
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Mismeasured Personal Saving and the Permanent Income Hypothesis
Nakamura, Leonard Isamu; Stark, Tom - 2019
saving rate should predict rising future income (Campbell, 1987). However, the U.S. personal saving rate is initially poorly …-time estimates of the personal saving rate in vector autoregressions to forecast real disposable income; using the level of the … personal saving rate in real time would have almost invariably made forecasts worse, but first differences of the personal …
Persistent link: https://www.econbiz.de/10014052040
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Chapter 3. The nature of natural capital and ecosystem income
Fenichel, Eli P.; Abbott, Joshua K.; Yun, Seong Do - In: Handbook of environmental economics : Volume 4, (pp. 85-142). 2018
The natural capital concept is generating broad interest that extends well beyond economists. Economics has a long history of applying capital theory to natural resources. However, measurement of the value of ecosystems has mostly focused on income flows rather than valuing stocks of natural...
Persistent link: https://www.econbiz.de/10014023894
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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
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Combining Nudges and Boosts to Increase Precautionary Saving
Timmons, Shane; Robertson, Deirdre; Lunn, Pete - 2022
why some households fail to save, successful behavioural interventions to increase precautionary saving are elusive. We …
Persistent link: https://www.econbiz.de/10013404959
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Determinants of Economic Growth : Will Data Tell?
Ciccone, Antonio; Jarociński, Marek - 2021
Many factors inhibiting and facilitating economic growth have been suggested. Will international income data tell which matter when all are treated symmetrically a priori? We find that growth determinants emerging from agnostic Bayesian model averaging and classical model selection procedures...
Persistent link: https://www.econbiz.de/10013316816
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Confronting the representative consumer with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2010
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
Persistent link: https://www.econbiz.de/10009262082
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Confronting the representative consumer with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2010
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
Persistent link: https://www.econbiz.de/10008699605
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Wohlfahrtsmessung : Inlandsprodukt versus Nationaleinkommen
Petersen, Thieß - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 99 (2019) 10, pp. 725-730
Der traditionelle Indikator für die Messung des wirtschaftlichen Wohlstands eines Landes ist das Bruttoinlandsprodukt (BIP). Das BIP misst jedoch nicht das Einkommen, dass die Bürger eines Landes in der übrigen Welt erzielen. Die im Ausland erzielten Einkommen werden durch das...
Persistent link: https://www.econbiz.de/10012121401
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Economic Growth and Business Cycles : The Labor Supply Decision with Two Types of Technological Progress
Graves, Philip E. - 2011
An informal model is described that leads to multiple macroeconomic equilibria as a consequence of random variation in the relative amounts of technological change for new and existing goods. The novel observation is that the rate of introduction and market penetration of new goods vis-a-vis...
Persistent link: https://www.econbiz.de/10012756204