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The Joint Distribution of Wealth and Income Risk: Evidence from Bern

Krapf, Matthias. (2018) The Joint Distribution of Wealth and Income Risk: Evidence from Bern. WWZ Working Papers, 2018 (18). Basel.

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Abstract

Using detailed tax data from the Swiss canton of Bern, I examine how changes in wealth are related to income risk. I find that only among elderly individuals high kurtosis of income risk may be positively correlated with wealth accumulation. Additionally, I document that a substantial share of taxpayers have negative net wealth. While wealth and income are positively correlated for positive net wealth taxpayers, this correlation is negative for negative net wealth taxpayers. These negative net wealth investors experience sharp increases in wealth and income in subsequent periods. Finally, wealth risk is more dispersed than income risk.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Angewandte ├ľkonometrie (Schmidheiny)
12 Special Collections > WWZ Publications > WWZ Discussion Papers and Working Papers
UniBasel Contributors:Krapf, Matthias
Item Type:Working Paper
Publisher:WWZ
Number of Pages:53
Note:Publication type according to Uni Basel Research Database: Discussion paper / Internet publication
Language:English
Identification Number:
  • handle: RePEc:bsl:wpaper:2018/18
Last Modified:22 Jun 2018 08:45
Deposited On:22 Jun 2018 08:45

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