consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for … temporarily allow consumption to rise. Regarding housing returns, if housing assets are complementary to stocks, then investors … wealth held in the form of housing (i.e., when stock and housing assets are substitutes), then they will temporarily reduce …

deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for … future stock returns to be higher, they will temporarily allow consumption to rise. Regarding housing returns, if housing … substitutes consumption will be temporarily reduced. …

income and consumption expenditure on the one hand, and the stock of consumers' wealth, which can be considered as cumulative …The present paper tests for the existence of multicointegration between real per capita private consumption expenditure … multicointegrating relations and find supporting evidence for the existence of multicointegration in US consumption data. …

, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the correlation between …

This documentation describes the data preparation of the new consumption module in the German Socio-Economic Panel … time included a detailed consumption module in the household questionnaire. This documentation discusses several … between monthly and annual consumption information, missing values, and a high incidence of heaping. …

, especially for the future path of private consumption. Although they receive high attention in the media, their forecasting power …

Two conversion schemes are usually employed for assessing personal-income inequality from household equivalent incomes … country inequality rankings to conversion schemes and explain the finding by means of inequality decomposition. A bootstrap …

forwarded in the context of energy taxation are valid. Furthermore, the effect on energy consumption and emissions and thus the …