increases in wealth inequality have passed through to consumption. Repeating this exercise in the Panel Study of Income Dynamics …A method to impute consumption expenditure inequality between wealth groups in the Survey of Consumer Finances is … provided, allowing for measurement error that is correlated with income and wealth. Identification is derived from observing …

wealth. Accounting for the heterogeneity in types of income changes is therefore important to understanding the multiplier …We develop an income shock classification taxonomy that classifies income changes into 9 categories based on the … magnitude, direction and permamency of the income change. Using 01/2017 - 06/2022 bank transaction data of Belgian employees and …

The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature … fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the …