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House prices and consumption inequality
Etheridge, Ben - 2019
I characterize how house price shocks affect consumption inequality using a life-cycle model of housing and non-housing …
Persistent link: https://www.econbiz.de/10012105796
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Does income inequality lead to consumption inequality? Evidence and theory
Krueger, Dirk; Perri, Fabrizio - 2005
Using data from the Consumer Expenditure Survey we first document that the recent increase in income inequality in the US has not been accompanied by a corresponding rise in consumption inequality. Much of this divergence is due to different trends in within-group inequality, which has increased...
Persistent link: https://www.econbiz.de/10010298305
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Consumption Growth and Inequality in a Heterogeneous Agent Model: Theory and Evidence from German Data
Xie, Runli - 2010
This paper studies the structure and dynamics of consumption and consumption growth inequality. The theoretical framework is a heterogeneous agent model with stochastic labor endowments, where the group mean consumption serves as consumption externality. The main finding is that households'...
Persistent link: https://www.econbiz.de/10010270154
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Does Income Inequality Lead to Consumption Inequality? Evidence and Theory
Krueger, Dirk; Perri, Fabrizio - Center for Financial Studies - 2005
Using data from the Consumer Expenditure Survey we first document that the recent increase in income inequality in the US has not been accompanied by a corresponding rise in consumption inequality. Much of this divergence is due to different trends in within-group inequality, which has increased...
Persistent link: https://www.econbiz.de/10005022438
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Income Risk, Consumption Inequality, and Macroeconomy in Japan
Yamada, Tomoaki - Institute of Economic Research, Hitotsubashi University - 2009
In this paper, using an OLG model with heterogeneous households, we investigate economic inequality in the recent decades in Japan. We decompose the causes of economic inequality into macroeconomic factors and a demographic factor, and demonstrate that the earning inequality in the model...
Persistent link: https://www.econbiz.de/10005650700
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The housing wealth effect : quasi-experimental evidence
Kessel, Dany; Tyrefors, Björn; Vestman, Roine - 2019
We exploit a quasi-experiment to provide new evidence on the magnitude of the housing wealth effect. We estimate an … unexpectedly continued as a result of political bargaining. This source of price variation is ideal to identify housing wealth …
Persistent link: https://www.econbiz.de/10011967367
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The housing wealth effect : quasi-experimental evidence
Kessel, Dany; Tyrefors, Björn; Vestman, Roine - 2018
housing wealth e.ect. Stockholm's smaller city airport was expected to close in 2011 but its operating contract was …
Persistent link: https://www.econbiz.de/10011948340
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Housing equity, saving and debt dynamics over the Great Recession
Elming, William; Ermler, Andreas - 2016
and saving for young and old home-owners, both through a direct wealth eff ect and through housing equity serving as …
Persistent link: https://www.econbiz.de/10011786826
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Housing equity, saving and debt dynamics over the Great Recession
Elming, William; Ermler, Andreas - 2016
and saving for young and old home-owners, both through a direct wealth eff ect and through housing equity serving as …
Persistent link: https://www.econbiz.de/10011533763
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The housing wealth effect on consumption reconsidered
Lindner, Fabian - 2013
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … which housing price changes work as a "wealth effect". In such models, windfall gains in housing always lead to positive … changes in consumption. However, this might be a fallacy of composition. Such models ignore that changes in housing wealth …
Persistent link: https://www.econbiz.de/10009772970