Using the 1983 and 1989 Surveys of Consumer Finances, I find evidence of sharply increasing house-hold wealth inequality over this period. Whereas mean wealth increased by 23 percent in real terms, median wealth grew by only 8 percent. The share of the top one-half percentile rose by five ...
by liquidity constraints.[footnoteRef:2] The current financial crisis has also brought the issue to the forefront because of the large and rapid decline in personal wealth and venture capital funding, and the severe tightening of credit to small businesses by banks.[footnoteRef:3] [1: See Evans...
Wealth inequality is a key feature in the report, which noted "that the bottom half of adults collectively owns less than 1 percent of total wealth, the richest decile (top 10 percent of adults) owns 85 percent of global wealth, and the top percentile alone accounts for almost half of all...
percentile–thatapositiverelationshipcanbefound. Segmentingbusinessesintoindustrieswithhighandlowstartingcapitalrequirements,wefindno evidencethatwealthmattersmoreforbusinessesrequiringhigherinitialcapital.Weexploittheregional variationinhousepricesasaninstrumentforliquidity.Householdswholivedinregionswherehousing ...
The propensity to become a business owner is a nonlinear function of wealth. The relationship between wealth and entry into entrepreneurship is essentially flat over the majority of the wealth distribution. It is only at the top of the wealth distribution — after the ninety-fifth percentile — ...
Land ownership and use is important for under- standing household wealth, agricultural production, and conservation practices, yet our research revealed that conventional household definitions often overlook land plots outside of those owned by household heads and members, especially when the plots are ...
Our framework assumes that household portfolios are subject to short-selling constraints in stocks and bonds, and that financial investment decisions are taken conditional on real estate and business wealth. We derive an explicit solution for the model, and estimate its parameters using the US Survey...
中国家庭金融调查-Findings from the China Household Finance Survey (Oct-2012)
ERAs could provide greater support to low-wealth households to help lower energy poverty. Abstract A major challenge faced by policymakers has been determining appropriate subsidy amounts for household energy investments. This can result in inequitable support being either insufficient or excessive. Equita...
Total net household wealth in China is now more than US by 21%. Assets range Proportion Less than 100K 19.0% Between 100K and 405K 31.0% Between 405K and 1 million 18.3% Between 1 mil and -2.47 million 17.4% Between 2.47 mil and 10 mil 12.5% More than 10 million 1.8% ...