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 …-2017. Overall, wealth effects are found to be relatively large and significant for housing wealth, but less so for other types of …

as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage …-constrained households to maintain higher annual consumption growth compared to those non-eligible for the policy. Finally, we find that …

This paper discusses the evolution of the household debt in Australia and finds that while higher-income and higher-wealth …, the paper analyzes the impact of a monetary policy shock on households' current consumption and durable expenditures … depends on their debt and income levels. In particular, households with higher debt tend to reduce their current consumption …

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

regional household data to investigate the connection between consumption and financial innovation. It is concluded that … deregulation has led to a significant increase in the forward looking nature of consumption …

consumption patterns. Data for six industrialized countries are used to estimate a simple model incorporating liquidity …

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 …

show that a boom-bust cycle in debt, asset prices and consumption characterizes the equilibrium dynamics of a model with a …

for this hypothesis, and also suggest that private and government consumption are substitutes in the household utility …