• Stockownership: A binary variable that is set to one if the household holds stocks in period t, and zero otherwise. Stocks include all forms of direct and indirectly held stocks, except stocks held through retirement accounts in year t. The latter are not included in the data.
• Saving for Retirement: A binary variable that is set to one if the household makes in year t a contribution to a tax-deferred private retirement account. If no contribution is made, even to an already open account, the variable takes the value zero.
• Household disposable income: Household disposable income in year t. This variable includes labor income, capital income (if any), student aid (if any), pension income (if any), unemployment benefits (if any), and welfare support net of taxes.
• Age<30: Household head is younger than 30 years old in year t.
• 30≤Age<45: Household head is (equal to or) older than 30 years old and younger than 45 years old in year t.
• 45≤Age<60: Household head is (equal to or) older than 45 years old and younger than 60 years old in year t.
• 60≤Age: Household head is or is older than 60 years old in year t.
• Male: Household head is male.
• Unemployed/Uncategorized: Household head has received unemployment benefits, registered as unemployed or does not qualify for any other occupation category in year t.
• Retired:Household head has received pension greater than labor income and does not qualify for any other occupation category in year t.
• Student: Household head has received student aid at least equal to one semester gov-ernment student aid in year t.
• Employed: Household head is not retired nor student and has received positive labor income in year t.
• Married: Household head is married in year t.
• Number of adults: Number of household members at least 18 years old in year t.
• Number of children: Household members younger than 18 years old in year t.
• High school graduate:Household head has a high school education in year t.
• College graduate:Household head has a college (or more) education in year t.
• Household net wealth:Household net wealth in Swedish Kroners (SEK), calculated as the sum of all real and financial assets minus all debt, except student loans
• Working in the financial sector: Household head has worked in the financial sector in year t.
• Working for the government: Household head has worked for the local or central gov-ernment in year t.
• Economics/business education share: The share of households who had business and economics related topics as their major during their studies in a given given electoral district in year t. The business and economics related topics include Economics and Economic history, and Business Administration (i.e., Banking, insurance, and finance, Accounting and taxation, Management and administration, Marketing, etc.)
• Quantitative education share: The share of households who have a quantitative ed-ucational background in a given given electoral district in year t. The quantitative education includes Science, mathematics, computing, and Commerce, administration, law, etc.
• Retirement savers share: The share of households who save for retirement in a given electoral district in year t.
IMFS W
ORKINGP
APERS
ERIES Recent Issues126 / 2018 Felix Strobel The Government Spending Multiplier, Fiscal Stress and the Zero Lower Bound 125 / 2018 Alexander Meyer-Gohde
Daniel Neuhoff
Generalized Exogenous Processes in DSGE: A Bayesian Approach
124 / 2018 Athanasios Orphanides The Boundaries of Central Bank Independence: Lessons from Unconventional Times 123 / 2018 Karl-Heinz Tödter
Gerhard Ziebarth
Zinsen, Effektivpreise und Lebenskosten – Ein Beitrag zur Konstruktion eines
intertemporalen Preisindex
122 / 2018 Helmut Siekmann Legal Tender in the Euro Area
121 / 2018 Maik Wolters How the Baby Boomers' Retirement Wave Distorts Model-Based Output Gap
Estimates
120 / 2017 Helmut Siekmann Die Einstandspflicht der Bundesrepublik Deutschland für die Deutsche Bundesbank und die Europäische Zentralbank
119 / 2017 Gregor Boehl Monetary Policy and Speculative Stock Markets
Assessment of the Bail-in Tool under the European Bank Recovery and Resolution Regime
115 / 2017 Guenter W. Beck Volker Wieland
How to Normalize Monetary Policy in the Euro Area
113 / 2017 Mewael F. Tesfaselassie Maik Wolters
The Impact of Growth on Unemployment in a Low vs. a High Inflation Environment 112 / 2017 Gerhard Rösl
Franz Seitz
Doing away with cash? The welfare costs of abolishing cash
111 / 2017 Jinhyuk Yoo Capital Injection to Banks versus Debt Relief to Households
110 / 2017 Robert C. M. Beyer Volker Wieland
Instability, imprecision and inconsistent use of equilibrium real interest rate estimates
109 / 2016 Helmut Siekmann Replacing or Supplementing the Euro in Member States whose Currency is the Euro
108 / 2016 Helmut Siekmann Restricting the Use of Cash in the European Monetary Union
106 / 2016 Helmut Siekmann Konstruktionsfehler bei der Einlagensicherung auf EU-Ebene 105 / 2016 Athanasios Orphanides Fiscal Implications of Central Bank
Balance Sheet Policies
104 / 2016 Helmut Siekmann Preis- und Finanzstabilität: der Primat der Politik, der rechtliche Rahmen und das
„ökonomische Gesetz“
103 / 2016 John B. Taylor Volker Wieland
Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations
102 / 2016 Tilman Bletzinger Volker Wieland
Forward guidance and “lower for longer”:
The case of the ECB
101 / 2016 Helmut Siekmann Ziele, Aufgaben und Befugnisse des Europäischen Systems der Zentralbanken (ESZB)
(publ. in: Scherzberg / Can / Doğan (eds.), Die Sicherung der Geldwert- und
Finanzstabilität in Deutschland und in der Türkei, 2016, pp. 79-118)
100 / 2016 Robert C. M. Beyer Volker Wieland
Schätzung des mittelfristigen Gleich- gewichtszinses in den Vereinigten Staaten, Deutschland und dem Euro-Raum mit der Laubach-Williams-Methode
99 / 2015 Helmut Siekmann Exit, Exclusion, and Parallel Currencies in the Euro Area
98 / 2015 Helmut Siekmann Stellungnahme für die öffentliche
Anhörung der Verfassungskommission des Landtags Nordrhein-Westfalen zur
Schuldenbremse