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 …

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 …

This paper examines the role increasing personal wealth and home equity withdrawal (HEW) have had in the decline in the … United Kingdom. Mortgage market liberalization and innovation should reduce household cash flow and collateral constraints … while making housing wealth more liquid as HEW becomes easier over time. Regression analysis indicates the expected negative …

-equation restrictions implied by theory, however, generally gives larger and better determined values for the parameter. The panel procedure …

This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher-wealth … depending on the level of household debt. The results corroborate other work that households' response to monetary policy shocks …

as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage …

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 …

boosting household disposable income through higher wages, especially in services, and higher property income. The paper also …

This paper presents a geographical theory of location and interregional trade. Location is treated as an endogenous … compensating-differential theory of regional unevenness, (2) the theoretical formulation of a gravity theory of trade patterns, (3 …