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Displaying results 1 to 19 of 19.

  1. Understanding the distribution of wealth at death
    a probate based approach
    Author: Disslbacher, Franziska; Rapp, Severin
    Published: 2024
    Publisher:  INEQ, Economics of Inequality Research Institute, WU Vienna, Wien

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    Language: English
    Media type: Book
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    Series: INEQ working paper series ; #31
    Subjects: Bequests; Inheritance; Wealth Distribution; Probate Records; Administrative Date; Measurement
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  2. Estimating the marginal propensity to consume using the distributions of income, consumption and wealth
    Author: Fisher, Jonathan; Johnson, David S.; Smeeding, Timothy M.; Thompson, Jeffrey P.
    Published: [2019]
    Publisher:  Federal Reserve Bank of Boston, [Boston, MA]

    Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and, hence, miss the important synergy among the three measures explicit in the life-cycle budget constraint. Using Panel Study of... more

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    Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and, hence, miss the important synergy among the three measures explicit in the life-cycle budget constraint. Using Panel Study of Income Dynamics data from 1999 through 2013, we examine whether these changes are more dramatic at higher or lower levels of wealth and find that the marginal propensity to consume is lower at higher wealth quintiles. This suggests that low-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.

     
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    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/202932
    Edition: This version: February 2019
    Series: Working papers / Federal Reserve Bank of Boston ; no. 19, 4
    Subjects: Marginal Propensity to Consume; Wealth Distribution; Inequality
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  3. The migrant wealth gap at the household level: evidence from RIF regressions for Austria
    Author: Muckenhuber, Mattias; Rehm, Miriam; Schnetzer, Matthias
    Published: [2021]
    Publisher:  ifso, Institute for Socio-Economics, University of Duisburg-Essen, Duisburg, Germany

    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... more

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    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 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 and peaks at more than e140,000 around the 75th percentile. Decomposing the partial effects of a set of covariates using RIF regressions suggests that the lack of inheritances and the presence of children have the highest explanatory power for the migrant wealth gap of first generation migrant household. For second generation migrant households, inheritances have the highest impact, but they contribute negatively towards the explanation of the migrant wealth gap. In general, the covariates in our analysis can explain only a small part of the migrant wealth gap. Given the similarity of native and second generation migrant households, we cannot reject the hypothesis that migrants in the past integrated into Austrian society by acquiring comparable wealth levels.

     
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    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/237058
    Series: ifso working paper ; no. 15 (2021)
    Subjects: Migration; Wealth Distribution; Wealth Gap; Unconditional Quantile Regression
    Scope: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  4. Central Bank of the Republic of Turkey household finance and consumption survey methodology
    Author: Betti, Gianni; Ceritoǧlu, Evren; Küçükbayrak, Müşerref; Sevinç, Özlem
    Published: [2022]
    Publisher:  Central Bank of the Republic of Turkey, Head Office, Structural Economic Research Department, Ankara, Turkey

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    Series: Working paper / Türkiye Cumhuriyet Merkez Bankası ; no: 22, 01 (April 2022)
    Subjects: Sampling Design; Oversampling; Wealth Distribution
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  5. Taxing property: suggestions for reform
    Author: McDonnell, Thomas A.
    Published: [2019]
    Publisher:  NERI, Dublin

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: This version: 10 July 2019
    Series: NERI working paper series ; no. 63 (July 2019)
    Subjects: Ireland; Taxation; Wealth Distribution; Inequality; Wealth; Wealth Taxes
    Scope: 1 Online-Ressource (circa 36 Seiten)
  6. The role of credit on the evolution of wealth inequality in the USA
    Author: Oviedo Moguel, Rodolfo
    Published: November 2020
    Publisher:  Banco de México, [Ciudad de México, México]

    In the USA, the share of household wealth held by the richest 1% increased from 23.5% in 1980 to 41.8% in 2012. This paper contributes to understanding the causes behind this increase. First, using an accounting decomposition, I show that more than... more

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    In the USA, the share of household wealth held by the richest 1% increased from 23.5% in 1980 to 41.8% in 2012. This paper contributes to understanding the causes behind this increase. First, using an accounting decomposition, I show that more than half of the increase in the share of the top 1% can be attributed to a decrease in the saving rate of the bottom 99%. Second, using a heterogeneous agent model, I show that the decrease in the saving rate of the bottom groups cannot be rationalized by the reduction in the progressively of taxation or changes in the volatility and concentration of labor earnings. Lastly, I introduce a shock to the credit market into the model in the form of loosening the borrowing constraints of the economy. This shock can simultaneously match the increase in wealth concentration and the decrease of the saving rate of the economy.

     
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    Media type: Book
    Format: Online
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    hdl: 10419/240702
    Series: Working papers / Banco de México ; no 2020, 13
    Subjects: Credit; Debt; Saving Rate; Wealth Distribution
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  7. Essays in macroeconomics and political economy
    Author: Pronin, Mathias
    Published: 2019
    Publisher:  Stockholm University, Stockholm

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    Source: Union catalogues
    Language: English
    Media type: Dissertation
    Format: Online
    ISBN: 9789177978107
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    Series: Dissertations in economics ; 2019, 3
    Subjects: Monetary Policy; House Prices; Bayesian Estimation; Wealth Distribution; Heterogeneous Preferences; Political Budget Cycles
    Scope: 1 Online-Ressource (circa 123 Seiten), Illustrationen
    Notes:

    Dissertation, Stockholm University, 2019
  8. The concentration of personal wealth in Italy 1995-2016
    Author: Acciari, Paolo; Alvaredo, Facundo; Morelli, Salvatore
    Published: April 2021
    Publisher:  CSEF, Centre for Studies in Economics and Finance, Department of Economics, University of Naples, Naples, Italy

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    Series: Working paper / CSEF, Centre for Studies in Economics and Finance ; no. 608
    Subjects: Wealth Inequality; Wealth Distribution; Top Wealth Shares; Distributional National Accounts; Estate Concentration; Inheritance and Gifts; Inheritance Tax
    Scope: 1 Online-Ressource (circa 83 Seiten), Illustrationen
  9. The impact of communist party membership on wealth distribution and accumulation in urban China
    Author: Targa, Matteo; Yang, Li
    Published: [2023]
    Publisher:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    This paper provides the first in-depth investigation into the evolution of the wealth gap between CCP and non-CCP households in urban China from 1995 to 2017. We apply unconditional quantile regression (UQR) to analyze the variations in the premiums... more

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    This paper provides the first in-depth investigation into the evolution of the wealth gap between CCP and non-CCP households in urban China from 1995 to 2017. We apply unconditional quantile regression (UQR) to analyze the variations in the premiums of party membership across the wealth distribution. Our results show that although the average wealth gap between CCP and non-CCP households remained substantial and consistent throughout the period, there have been significant shifts in the returns structure of party membership over time. Prior to the housing reform in the 1990s, the highest wealth premiums of CCP households were primarily concentrated in the middle of the distribution, but now they are concentrated at the bottom of the distribution. This is mainly attributed to the fact that CCP households at the lower end of the net wealth distribution are more inclined to possess real estate assets, which tend to have higher value compared to those owned by non-CCP households. These effects fade out in the top half of the net wealth distribution, where the differences between CCP and non-CCP households become less apparent. Furthermore, by utilizing a balanced household panel from 2013 to 2017, we were able to track wealth accumulation at the household level. Our findings indicate that CCP households accumulate wealth faster than non-CCP households due to larger capital gains, and the differences between the two groups increase along the net wealth distribution

     
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    hdl: 10419/283577
    Series: Discussion paper / ZEW ; no. 23, 057 (12/2023)
    Subjects: Wealth Accumulation; Wealth Distribution; Political Capital; CCP membership
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  10. Wealth inequality in Brazil
    Author: Bhering, Davi; Castro, Fábio Avila de
    Published: [2023]
    Publisher:  [Paris School of Economics], [Paris]

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    Series: Working paper / Paris School of Economics ; no 2023, 27
    Subjects: Wealth Distribution; Brazil
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  11. Multidimensional wealth inequality
    a hybrid approach toward distributional national accounts in Europe
    Author: Waltl, Sofie
    Published: 2020
    Publisher:  INEQ, Economics of Inequality Research Institute, WU Vienna, Wien

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    Series: INEQ working paper series ; #16
    Subjects: Distributional National Accounts (DINA); Wealth Distribution; Micro-macro linkage; HFCS; Top Tail Adjustment
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  12. Household balance sheet channels of monetary policy
    a back of the envelope calculation for the Euro Area
    Author: Slacalek, Jirka; Tristaniv, Oreste; Violante, Giovanni L.
    Published: 24 December 2019
    Publisher:  Centre for Economic Policy Research, London

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    Universitätsbibliothek Mannheim
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    Media type: Book
    Format: Online
    Series: Array ; DP14245
    Subjects: Consumption; Euro Area; Hand-to-Mouth; Household Balance Sheets; Household Heterogeneity; Housing; Inflation; Labor Income; Marginal Propensity to Consume; Monetary Policy; Wealth Distribution
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  13. Wealth, marriage, and sex selection
    Author: Borker, Girija; Eeckhout, Jan; Luke, Nancy; Minz, Shantidani; Swaminathan, Soumya; Munshi, Kaivan
    Published: [2024]
    Publisher:  Cowles Foundation for Research in Economics, Yale University, New Haven, Connecticut

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    Series: Cowles Foundation discussion paper ; no. 2408 (October 2024)
    Subjects: Family Economics; Social Norms; Marriage Market; Sex Selection; Caste; Assortative Matching; Wealth Distribution; Inequality; Control Function
    Scope: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  14. Endogenous distribution, politics, and growth
    Author: Das, Satya P.; Ghate, Chetan
    Published: 2002
    Publisher:  Deutsches Institut für Wirtschaftsforschung (DIW), Berlin

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  15. Endogenous distribution, politics, and growth
    Author: Das, Satya; Ghate, Chetan
    Published: 2002
    Publisher:  DIW, Berlin

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  16. Drivers of wealth inequality in euro area countries
    [the effect of inheritance and gifts on gross, net and real estate asset distribution analysed by applying the Shapley value approach to decomposition]
    Author: Leitner, Sebastian
    Published: 2015
    Publisher:  Kammer für Arbeiter und Angestellte für Wien, Wien

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    Deutsches Zentrum für Altersfragen e.V. (DZA), Bibliothek
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    Media type: Book
    Format: Print
    ISBN: 9783706305280
    Series: Materialien zu Wirtschaft und Gesellschaft ; 137
    Working Paper-Reihe der AK Wien
    Subjects: Inequality; Wealth Distribution; Decomposition Analysis; Inheritance; Inter vivos transfers; Income Distribution; Europe
    Scope: 26 Bl., graph. Darst., 30 cm
    Notes:

    Zsfassung in dt. Sprache
  17. Inequality and the marriage gap
    conference paper
    Author: Siassi, Nawid
    Published: 2014
    Publisher:  ZBW, [Kiel

    Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality ignore the role of the family. This paper documents that the cross-sectional distributions of earnings and wealth display a high... more

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    Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality ignore the role of the family. This paper documents that the cross-sectional distributions of earnings and wealth display a high degree of concentration, even when disaggregated into single and married households. At the same time, there is a large marriage gap: married people earn on average 27 percent more income, and they hold 34 percent more net worth. To account for these empirical facts, I develop a theory based on an otherwise standard incomplete-markets OLG model with ex-ante identical agents, who (i) are randomly selected into single or married households at the beginning of their economic lives; (ii) face uninsurable labor market risk henceforth; (iii) and make Pareto-efficient decisions if married. In a calibrated version of the model, I show that positive assortative matching, an effective tax bonus for married couples and directed bequests are key to explaining the marriage gap in earnings and wealth. A policy experiment of moving from joint tax filing for married couples to separate filing yields output and welfare gains.

     
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    hdl: 10419/100570
    Series: Array ; V4
    Subjects: Inequality; Wealth Distribution; Marriage Gap; Incomplete Markets
    Scope: Online-Ressource (37 S.), graph. Darst.
  18. Wealth distribution and optimal inheritance taxation in life-cycle economies with intergenerational transfers
    Author: Heer, Burkhard
    Published: 2000
    Publisher:  Univ., Volkswirtschaftl. Fak., München

    We introduce intergenerational transfers into a general equilihrium life-cycle model in order to explain observed levels of wealth heterogeneity. In our overlapping generations model, heterogenous agents face uncertain lifetime and leave both... more

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    We introduce intergenerational transfers into a general equilihrium life-cycle model in order to explain observed levels of wealth heterogeneity. In our overlapping generations model, heterogenous agents face uncertain lifetime and leave both accidental and voluntary bequests to their cinldren. Furthermore, agents face stochastic employment opportunities. The model is calibrated with regard to the characteristics of the US economy. Our resuits indicate that hequests onl account for a sniall proportion of ohserved wealth heterogeneitv. The introduction of an inheritance tax increases both welfare are measured by the average value of the newborn and equality of the wealth distribution. Preliminary versions of this paper have been presented at conference on "Intergenerational transfers, taxes and the distribution of wealth" in Uppsala 1999 and the Econoinetric Societv European Meetirig in Santiago dc Compostela 1999. We would like to thank Michael Kaganovieli. John Laitner, James Smith, Frank Stafford, and Carl Cristian von Weizsäcker for comments on earlier versions of the paper. All remaining errors are ours.

     
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    hdl: 10419/104076
    Series: Munich discussion paper ; 2000-10
    Subjects: Vermögensverteilung; Erbe; Intergenerationale Übertragung; Lebenszyklus; Overlapping Generations; Erbschaftsteuer; Optimale Besteuerung; Wohlfahrtsanalyse; Theorie; USA; Wealth Distribution; Overlapping Generations; Bequests; Optimal Taxation
    Scope: Online-Ressource ([1], 30 S.)
  19. Drivers of wealth inequality in euro area countries
    [the effect of inheritance and gifts on gross, net and real estate asset distribution analysed by applying the Shapley value approach to decomposition]
    Author: Leitner, Sebastian
    Published: 2015
    Publisher:  Kammer für Arbeiter und Angestellte für Wien, Wien

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    51g 0063
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    Media type: Book
    Format: Print
    ISBN: 9783706305280
    Series: Materialien zu Wirtschaft und Gesellschaft ; 137
    Working Paper-Reihe der AK Wien
    Subjects: Inequality; Wealth Distribution; Decomposition Analysis; Inheritance; Inter vivos transfers; Income Distribution; Europe
    Scope: 26 Bl., graph. Darst., 30 cm
    Notes:

    Zsfassung in dt. Sprache