reduction in homeownership across generations. Lower-income households find it harder to buy housing, and as a result accumulate …

decomposing disposable income into labour, property and transfer income is essential for understanding and forecasting consumption …. Finally, substantial crosscountry heterogeneity in marginal propensities to consume out of income and wealth components calls …

Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age …

Income volatility and wealth volatility are central objects of investigation for the literature on income and wealth … significantly higher values than income volatility, the effect being mostly driven by changes in the market value of real estate …

This paper examines the influence of parental wealth and income on children's college attendance and parental financing … parents and children. We find that higher levels of parents' wealth and income increase the likelihood that children attend …

This paper proposes and studies a theory of adaptive consumption behavior under income uncertainty and liquidity …

of an agent's level of consumption depends on his legal income and initial level of wealth, as conspicuous consumption by …

consumption is rarely measured because its collection requires a great deal of survey time. As a result income has been widely … used to assess economic well-being and poverty rates. Yet, because households can use wealth to consume more than income …, an income-based measure of well-being could yield misleading results for many households, especially at older ages. We …