wealth. Moving is often associated with retirement and with precipitating shocks like the death of a spouse or by other … changes in marital status. Median housing wealth increases as the elderly age. Even when the elderly move, housing equity is … transaction cost associated with moving is apparently not the cause for the lack of the reduction in housing wealth as the elderly …

household exposure to idiosyncratic risk, and increases the conditional market price of risk. This collateral mechanism can …

Both textbook economics and common sense teach us that the value of household wealth should be related to consumer … suggest. An important first step in understanding the consumption-wealth linkage is determining how closely the two variables … in consumption. This paper provides evidence that a surprisingly small fraction of the variation in household net worth …

The wealthy hand-to-mouth are households who hold little or no liquid wealth (cash, checking, and savings accounts … accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K., Germany, France, Italy, and …

This paper considers two central problems in our statistical frameworks which impair the ability to use wealth to … assess economic sustainability or the impacts of economic downturns. Some increases in wealth may reflect increased economic … capacity of the economy. Another major problem in our wealth accounts is the “missing capital” required to explain the marked …

. There is clear evidence that short-term diaries do not accurately capture household food spending patterns given infrequency …

This paper studies the implications of household financial choices for the effects of monetary policy on consumption … method of moments approach to match moments related to asset market participation rates, portfolio shares and wealth to … heterogeneity in consumption responses, monetary policy, operating through its effects on household income and asset market returns …

of Income Dynamics. While a cross-section time-series regression implies that housing wealth does affect saving, a fixed …

household over the six year period and indicate how wealth varies with labor supply, marriage, fertility, gender, education …This paper describes the wealth accumulation of American youth and relates this behavior to their eventual housing … choices. We develop a data set that links wealth profiles of youth with constant- quality house prices and tenure choice. A …