contribution of this role to rising wealth concentration among American households. I highlight the following points: 1) financial … globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic … households to reallocate wealth toward risky assets while impoverished households increase their debt. Wealth concentration …

High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to … income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the … rich and upper middle classes. This paper documents the changes in the Italian household sector's financial wealth over the …

Using urban household surveys, we constructed a panel dataset to study the effects of the Argentine macroeconomic …

wealth are closely linked to household characteristics, including income and demographic factors. Finally, underlying … structural changes in household characteristics point to potentially lower aggregate MPCs from wealth going forward …This paper analyzes the existence of 'wealth effects' derived from net equity (in the form of housing, financial assets …

This paper examines the role increasing personal wealth and home equity withdrawal (HEW) have had in the decline in the … personal saving rate in the United States. It does so by comparing the U.S. experience with those of Australia, Canada, and the … United Kingdom. Mortgage market liberalization and innovation should reduce household cash flow and collateral constraints …

37 cities across the United States and Canada using quarterly data from 1983 to 2018. This paper finds that downside … risks to housing markets in the United States have seemingly fallen over the past decade, while having increased in Canada …. Supply-side drivers, valuation, household debt, and financial conditions jointly play a key role in forecasting house price …

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are … positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the …

We find that from 1995 to 2002 in China, the dispersion of wealth decreased, the moneywealth ratio increased for all … wealth levels and the aggregate money-output ratio increased. We develop a two-asset dynamic general equilibrium model in … dispersion of wealth by reducing the precautionary motive of households. In addition, tight monetary policies increase the value …