This paper examines the role increasing personal wealth and home equity withdrawal (HEW) have had in the decline in the … while making housing wealth more liquid as HEW becomes easier over time. Regression analysis indicates the expected negative …

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 …

wealth are closely linked to household characteristics, including income and demographic factors. Finally, underlying …This paper analyzes the existence of 'wealth effects' derived from net equity (in the form of housing, financial assets …, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income …

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 …

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

We attempt to disentangle income and wealth effects on consumption by disaggregating both the different types of income … different components of income and wealth. While fiscal policy had direct effects on consumption, the analysis suggests that … and wealth. We estimate a consumption function for a panel of quarterly data for 14 advanced economies spanning 1998 to …

, increasing the inheritance tax during the demographic transition may alleviate the fiscal burden of future generations by …