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Housing wealth is about one half of household net worth, and consumption is a considerable fraction (about two thirds …) of Gross Domestic Product in the United States. Empirically, movements in housing wealth are associated with movements in … wealth and consumption are linked together. A sizable portion of the comovement between housing wealth and consumption …
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been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth … is virtually zero and that of financial assets wealth is positive, increasing the retirement probability. The … reinforced by wealth and earned income …
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This report examines how material living standards - most commonly measured by households' incomes - have changed for different groups in the UK, and the consequences that these changes have for income inequality and for measures of deprivation and poverty. This is the 22nd annual report...
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While most studies on wealth inequality focus on the inequality between households, this paper examines the … distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German socio … partnership) that might explain this wealth gap. We find that all factors contribute to the explanation of the wealth gap within …
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