The study quantifies stock market and housing market wealth effects on households' non-durable consumption using … Italian household panel data (SHIW) of 1989-2002. We found all households react similarly to aggregate housing and stock … market gains. We also found statistically and economically significant housing wealth effects with a marginal propensity to …

three factors, in addition to the common household and demographic factors, are relevant for the net wealth accumulation … particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area …Results from the Eurosystem Household Finance and Consumption Survey reveal substantial variation in household net …

Using the first wave of the Eurosystem Household Finance and Consumption Survey (HFCS), a large micro-level dataset on … household characteristics and asset holding patterns. Real assets make up the bulk of total assets. Whereas ownership of the … wealth (and income). The significance of inheritances for home ownership and holding of other real estate is remarkable. We …

holdings and liabilities of all households within a country. In principle, when household wealth surveys are explicitly …The financial accounts of the household sector within the system of national accounts report the aggregate asset …. Thereafter we investigate missing top tail observation from wealth surveys as a source of discrepancy. By fitting a Pareto …

in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth … to household wealth using both survey data and financial accounts. It builds a link between wealth survey and national … consumption, income and wealth can be analysed. Current researches linking macro and micro information for the households have …

This article aims at linking the household wealth and income distributions for 15 European countries using the … Household Finance and Consumption Survey. We study the role played by the household's location in the income distributions in … determining its location in the wealth distribution. A generalized ordered probit model is estimated to explain the role played by …

We study the link between household structure and cross country differences in the wealth distribution using a recently …. Furthermore, the explanatory power of household structure changes along the net wealth distribution. Therefore we argue for more … examine the extent to which differences in the unconditional distributions of wealth across euro area countries can be …

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 …

countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth …This paper studies the heterogeneity of the marginal propensity to consume out of wealth (MPC) both across and within … are very similar to those obtained on aggregate data and show substantial heterogeneity across countries. The wealth …