scholarly journals Macroprudential Policy and Household Wealth Inequality

2017 ◽  
Author(s):  
Jean-Frannois Carpantier ◽  
Javier Olivera ◽  
Philippe Van Kerm
Keyword(s):  
Wealth Inequality ◽  
Household Wealth ◽  
Macroprudential Policy

scholarly journals Macroprudential Policy and Household Wealth Inequality

2017 ◽  
Author(s):  
Jean-Francois Carpantier ◽  
Javier Olivera ◽  
Philippe Van Kerm
Keyword(s):  
Wealth Inequality ◽  
Household Wealth ◽  
Macroprudential Policy

scholarly journals Macroprudential policy and household wealth inequality

2018 ◽  
Vol 85 ◽  
pp. 262-277 ◽  
Author(s):  
Jean-Francois Carpantier ◽  
Javier Olivera ◽  
Philippe Van Kerm
Keyword(s):  
Wealth Inequality ◽  
Household Wealth ◽  
Macroprudential Policy

scholarly journals Wealth Inequality as a Predictor of Subjective Health, Happiness and Life Satisfaction among Nepalese Women

2018 ◽  
Vol 15 (12) ◽  
pp. 2836 ◽  
Author(s):  
Zhifei He ◽  
Zhaohui Cheng ◽  
Ghose Bishwajit ◽  
Dongsheng Zou
Keyword(s):  
Economic Status ◽  
Wealth Inequality ◽  
Well Being ◽  
Developed Countries ◽  
Subjective Health ◽  
Household Wealth ◽  
The Body ◽  
Status Report ◽  
Wealth Status ◽  
Cross Sectional

Socioeconomic status has shown to be associated with subjective health, well-being, satisfaction with overall life and estimation of happiness. The body of research concerning the question of whether higher economic status leads to better health and well-being are mostly from developed countries. The present study was therefore conducted among women in Nepal with an aim to investigate whether household wealth status is associated with satisfaction about (1) self-reported health, (2) happiness, and (3) life overall. Methods: Subjects were 5226 Nepalese women aged between 15 and 24 years. Cross-sectional data were extracted from round 5 of the Nepal Multiple Indicator Cluster Survey (NMICS), conducted in 2014, and analyzed using chi-square tests of association, bivariate and multivariable regression methods. Results: Wealth status was significantly associated with satisfaction about health, estimation of happiness and satisfaction. Compared with women in the poorest households, the odds of positive estimation about overall happiness were respectively 30% higher for poorer (p < 0.0001; 95% CI = 1.653–3.190), 80% higher for middle (p = 0.001; 95% CI = 1.294–2.522), 64% higher for richer (p = 0.006; 95% CI = 1.155–2.326), and 40% higher for richest households. The odds of reporting satisfaction about life were respectively 97% higher for poorer (p < 0.0001; 95% CI = 1.680–2.317), 41% higher for middle (p < 0.0001; 95% CI = 1.165–1.715), 62% higher for richer (p < 0.0001; 95% CI = 1.313–2.003), and 31% higher for richest households (p = 0.043; 95% CI = 1.008–1.700). Conclusion: Our results conclude that women in households with lower wealth status report poorer subjective health, quality of life and happiness. However, the findings need to be interpreted in light of the existing sociocultural conditions mediating the role of household wealth status on women’s lives.

scholarly journals Wealth Inequality in the Ancient Near East: A Preliminary Assessment Using Gini Coefficients and Household Size

2020 ◽  
Vol 30 (4) ◽  
pp. 689-704
Author(s):  
Pertev Basri ◽  
Dan Lawrence
Keyword(s):  
Bronze Age ◽  
Iron Age ◽  
Near East ◽  
Social Systems ◽  
Wealth Inequality ◽  
Household Wealth ◽  
Household Size ◽  
Political Organization ◽  
Ancient Near East ◽  
Rural Sites

Investigating how different forms of inequality arose and were sustained through time is key to understanding the emergence of complex social systems. Due to its long-term perspective, archaeology has much to contribute to this discussion. However, comparing inequality in different societies through time, especially in prehistory, is difficult because comparable metrics of value are not available. Here we use a recently developed technique which assumes a correlation between household size and household wealth to investigate inequality in the ancient Near East. If this assumption is correct, our results show that inequality increased from the Neolithic to the Iron Age, and we link this increase to changing forms of social and political organization. We see a step change in levels of inequality around the time of the emergence of urban sites at the beginning of the Bronze Age. However, urban and rural sites were similarly unequal, suggesting that outside the elite, the inhabitants of each encompassed a similar range of wealth levels. The situation changes during the Iron Age, when inequality in urban environments increases and rural sites become more equal.

A People’s Portfolio of the United States

Divested ◽  
2020 ◽  
pp. 137-156
Author(s):  
Ken-Hou Lin ◽  
Megan Tobias Neely
Keyword(s):  
United States ◽  
Wealth Inequality ◽  
The United States ◽  
Household Wealth ◽  
Wealth Accumulation ◽  
Social Scientists ◽  
Distribution Of Wealth ◽  
Baby Boomer Generation ◽  
Social Class Inequality

This chapter focuses on how finance has transformed household wealth—a trend with long-term implications for how social-class inequality becomes entrenched. It first reviews the uneven distribution of wealth in the United States. Wealth inequality has risen since the last quarter of the 20th century. Today, fewer American families have sufficient means to accumulate wealth over time, and the concentration of capital in the hands of a select few has widened the fault line between the richest and the rest. The chapter also examines how the distribution of wealth has changed across generations—more precisely, what social scientists call “cohorts.” That is, wealth for the baby boomer generation differs greatly from wealth among the millennials. Since wealth accumulation develops over the course of a person’s life, families in young adulthood and near retirement are considered.

How Children with Mental Disabilities Affect Household Investment Decisions

2017 ◽  
Vol 107 (5) ◽  
pp. 536-540 ◽  
Author(s):  
Vicki L. Bogan ◽  
Jose M. Fernandez
Keyword(s):  
Financial Markets ◽  
Special Needs ◽  
Wealth Inequality ◽  
Household Wealth ◽  
Risky Asset ◽  
Special Needs Children ◽  
Mental Disabilities ◽  
Risky Assets ◽  
Asset Holding ◽  
Wealth Building

We analyze how children with mental disabilities influence parental portfolio allocation. We find that risky asset holding decreases among households with special needs children. However, conditional on participating in financial markets, households with special needs children invest a larger portion of their wealth in risky assets. As risky asset holding is a key component of wealth building, these findings have important implications for both policy and household wealth inequality.

scholarly journals The Role of Credit on the Evolution of Wealth Inequality in the USA

2020 ◽  
Author(s):  
Rodolfo Oviedo Moguel
Keyword(s):  
Wealth Inequality ◽  
Household Wealth ◽  
Borrowing Constraints ◽  
Saving Rate ◽  
Heterogeneous Agent ◽  
Agent Model ◽  
Labor Earnings ◽  
Wealth Concentration ◽  
The Usa

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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