Showing 1 - 10 of 2,374
how fluctuations in individual crypto wealth affect household consumption, equity investment, and local real estate … wealth causes house price appreciation--counties with higher crypto wealth see higher growth in home values following high …
Persistent link: https://www.econbiz.de/10014322832
wealth. Moving is often associated with retirement and with precipitating shocks like the death of a spouse or by other … changes in marital status. Median housing wealth increases as the elderly age. Even when the elderly move, housing equity is … transaction cost associated with moving is apparently not the cause for the lack of the reduction in housing wealth as the elderly …
Persistent link: https://www.econbiz.de/10012476744
household exposure to idiosyncratic risk, and increases the conditional market price of risk. This collateral mechanism can …
Persistent link: https://www.econbiz.de/10012467732
In a model with housing collateral, the ratio of housing wealth to human wealth shifts the conditional distribution of … asset prices and consumption growth. A decrease in house prices reduces the collateral value of housing, increases household … that a decrease in the ratio of housing wealth to human wealth predicts higher returns on stocks. Conditional on this ratio …
Persistent link: https://www.econbiz.de/10012468738
Both textbook economics and common sense teach us that the value of household wealth should be related to consumer … suggest. An important first step in understanding the consumption-wealth linkage is determining how closely the two variables … in consumption. This paper provides evidence that a surprisingly small fraction of the variation in household net worth …
Persistent link: https://www.econbiz.de/10012468849
The wealthy hand-to-mouth are households who hold little or no liquid wealth (cash, checking, and savings accounts … accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K., Germany, France, Italy, and …
Persistent link: https://www.econbiz.de/10012458591
This paper considers two central problems in our statistical frameworks which impair the ability to use wealth to … assess economic sustainability or the impacts of economic downturns. Some increases in wealth may reflect increased economic … capacity of the economy. Another major problem in our wealth accounts is the "missing capital" required to explain the marked …
Persistent link: https://www.econbiz.de/10012457340
luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes …
Persistent link: https://www.econbiz.de/10012496179
. There is clear evidence that short-term diaries do not accurately capture household food spending patterns given infrequency …
Persistent link: https://www.econbiz.de/10012459125
In this paper, we attempt to explain differences between the US and UK household wealth distributions, with an emphasis … fraction of their household wealth is concentrated in houseing. Finally, the age gradient in home equity appears to be much … wealth, British households hold relatively small amounts of financial assets - including equities in stock - compared to …
Persistent link: https://www.econbiz.de/10012469583