Using a new nationally representative survey of financial capability and experience in the UK and Ireland, I …

We analyse the effect of shocks to housing wealth and income before and after the Great Recession. We combine datasets … containing information on expenditure, income, wealth and debt in a synthetic panel to understand how household indebtedness … affects the response to income and wealth shocks.We find evidence for both a housing wealth effect and income shocks …

. Finally, substantial crosscountry heterogeneity in marginal propensities to consume out of income and wealth components calls …

Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated … wealth over the past 25 years. Nonetheless, this has not led to an equally large increase in property income because the … decrease in rates of return seems to contradict claims that, due to an increase in both financial and inherited wealth, we are …

likely to have invested in the stock market and thus are less likely to report losses in wealth. Yet, individuals with low …

How sizable is the wealth effect on consumption in euro area countries? To address this question, we use newly … available harmonized euro area wealth data and the methodology in Carroll et al. (2011b). We find that the marginal propensity … to consume out of total wealth averaged across the largest euro area economies is around 3 cents per euro, with a …

This paper studies the heterogeneity of the marginal propensity to consume out of wealth (MPC) both across and within … countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth … are very similar to those obtained on aggregate data and show substantial heterogeneity across countries. The wealth …

less wealth. …

This paper provides new insights on the effect of inheritance receipt on retirement. We build on lifelong information … on inheritances received and labor market transitions available for respondents of the French Wealth Survey. This feature … allows us to compare current retirement rates among current and future inheritors. Chances of current retirement are 40 …