of the processes generating income, social security wealth, retirement and consumption behaviour of households, and … per household and, above all, the decline in the ratio of social security wealth of households to disposable income as the …

and supply effects and using the Bank of Italy�s Survey of Household Income and Wealth. The probability of debt is … linked to net wealth and future income profile. The recovered share of loans in the case of default has a positive effect on …

in housing values affect consumption. We find that consumer expenditures do react to capital gains, with a marginal … propensity to consume out of real value changes of housing wealth of about 0.02. Reactions are different across types of … consumers: while homeowners increase consumption when house prices increase, with a marginal propensity of about 0.035, the …

notwithstanding the rising contribution of government and firms to national savings, they stand out because of households� behaviour … in savings decisions in urban and rural areas and that motives other than those envisaged in the life-cycle model might … play a major role, above all precautionary savings and liquidity constraints. Our results suggest that to reduce the …

household consumption positively in the long-run, with the elasticity of housing wealth being greater than that of stock market …In this paper I estimate the impact of changes in real and financial wealth � proxied by house and stock market … prices � on private consumption for a panel of sixteen emerging economies in Asia and Central and Eastern Europe. Using …

aversion of 3 or less, for the stock market I estimate an average lower bound of between 0.7 and 3.3 percent of consumption …

evidence of important direct wealth effects on consumption. Financial wealth effects turn out to be small because Italian …This paper analyses the dynamics of Italian household wealth over the 1990s and assesses the strength of the wealth … effects on consumption, using as a benchmark the United States. In a period of sharply rising asset prices, Italian household …

these estimates can be used to analyse consumption age profiles conditional on demographics. Our key result is that … condition on simulated food consumption, in the sense that their age profile is less in line with the implications of the …

This paper investigates trends in Italian households� saving and wealth in the last twenty years, with a special … Survey on Household Income and Wealth (1991-2010). The crisis has intensified the trends already under way, as confirmed by … people and tenants. Overall inequality in wealth distribution has increased. Poverty indicators based on income and wealth …