This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio …

composition of their income and on the components of their wealth. We first review the existing evidence on how monetary policy … affects income and wealth inequality. We then illustrate quantitatively how various channels of transmission - net interest … rate exposure, intertemporal substitution and indirect income channels - affect individual euro area households. We find …

We estimate the long- and short-run relationship between top income and wealth shares for France and the US since 1913 … to a reduction of the long-run gap between wealth and income inequality compared to the period before. In the short …-run, income inequality drives wealth inequality, while the converse link is weaker and slower. Using counterfactual simulations …

wealth over the past 25 years. Nonetheless, this has not led to an equally large increase in property income because the … rates of return have decreased during the same era. Moreover, changes in functional income distribution (capital …/labour shares) have not been fully transmitted to the distribution of primary income between households because other institutional …

We use household surveys to describe differences in wages, income, wealth and liquid assets of households born in their … "hand-to-mouth" (holding liquid assets worth less than two weeks of income), the corresponding share is 20% for households …