This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household …

We estimate household equivalence scales using income satisfaction data from the German Socio-Economic Panel. We extend … overestimation of adults' and an underestimation of children's needs-based equivalence weights. Our results indicate that controlling … for income comparisons eliminates the gap between equivalence scale parameters for adults and children found in other …

children with lower initial family incomes vs. children with higher initial family incomes. However, offsetting this effect …, our findings also suggest that as children grow up, changes in family income ranking over time are related to children …