English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …

borrow for current consumption on the basis of their housing wealth, and the easing of borrowing constraints has often been … wealth effects and/or an easing of liquidity constraints. House prices also influence the profitability of house building …

relationship between consumption and income, and more specifically on the wealth effect. A range of different procedures is used to … assess the impact of financial deregulation on global wealth and on its different components (financial, housing and others …

from the English Longitudinal Study of Ageing, an optimal level of wealth is calculated for each household. This is … compared to the levels of wealth observed in the data. Our results show that, for those born in the 1940s, the vast majority of … households have wealth levels far greater than necessary to maintain their living standards into and through retirement. …

This chapter is concerned with the distribution of personal wealth, which usually refers to the material assets that … on wealth distribution for a number of countries. This confirms the well known fact that wealth is more unequally … distributed than income, and points to a long term downward trend in wealth inequality over most of the twentieth century. We also …

effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …

wealth. We derive the Euler equations for these preferences and estimate them with GMM. Our estimates suggest that the …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After …