We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …

Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric … German micro-data on household expenditure to estimate equivalence scales as a specific example. Our results show that …

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

We quantify the housing-consumption channel in mortgage demand according to which households borrow more following …-prices of 0.82. Counterfactual analysis of the general-equilibrium of housing and mortgage markets shows that, sans housing … house-price increases since housing and non-housing consumption are imperfect substitutes. To identify this channel, we take …

and endogeneity into account. In our preferred specifications both home equity and the household's amount of mortgage debt … period 2006-2012. Using a large administrative dataset at the household level we estimate how home equity and the outstanding … mortgage amount influence the share of liquid assets held in stocks. We apply different econometric methods to take selection …

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

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 … by homeownership status shows that the negative relationship is mostly driven by large between-group inequality across …