wealth position of the household only through homeownership. For the sample of inheritors we find that the local average … wealth is difficult to establish due to many potential sources of endogeneity. Utilizing the Household Finance and … is often used as an argument for policies that foster homeownership. However, the causal link between homeownership and …

period 2006-2012. Using a large administrative dataset at the household level we estimate how home equity and the outstanding … and endogeneity into account. In our preferred specifications both home equity and the household's amount of mortgage debt …

This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household … surveys. This heterogeneity is driven by differences in both wealth composition and wealth levels. We find a decreasing … marginal propensity to consume out of wealth across the wealth distribution for all net wealth components. The marginal …

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …

The recently published Household Finance and Consumption Survey has revealed large differences in wealth inequality … between the countries of the Euro area. We find a strong negative correlation between wealth inequality and homeownership …-country inequality differences. We confirm the major role for homeownership rates in accounting for the wealth inequality differences …

Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation … by Norwegian parents to a population panel data set with detailed information on disaggregated wealth portfolios and …

portfolios, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the … heterogeneity in household finances implies that responses of consumption to changes in the real interest rate and in house prices …