The study follows Modiglianis "Life Cycle Hypothesis" and surveys the influence of private income and wealth to private … relationship between consumption and income. The dependency from wealth, which is presented in the literature, cannot be confirmed … seasonally integrated relations: This estimation shows the influence of both variables, income and wealth, on consumption. …

Income and wealth are important determinants of individual economic well-being because they are a fundamental resource … for consumption. Due to increasing inequality the distribution of income and wealth has moved more and more into the focus … multidimensional polarization of both income and wealth. Individual well-being is modeled by a well-being function directly affected by …