Arrondel, Luc; Lamarche, Pierre; Savignac, Frédérique - 2017
This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household … marginal propensity to consume out of wealth across the wealth distribution for all net wealth components. The marginal … the wealth distribution. The marginal propensity to consume out of housing wealth increases with debt pressure and depends …