assets, and measures of aggregate consumption for each of the geographic units over time. We estimate regression models in … levels, first differences and in error-correction form, relating consumption to income and wealth measures. We find a … statistically significant and rather large effect of housing wealth upon household consumption.  …

financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate regression … models in levels, first differences and in error-correction form, relating per capita consumption to per capita income and … wealth. We find a statistically significant and rather large effect of housing wealth upon household consumption. This effect …

financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate regression … models in levels, first differences and in error-correction form, relating per capita consumption to per capita income and … wealth. We find a statistically significant and rather large effect of housing wealth upon household consumption. This effect …

financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate regression … models in levels, first differences and in error-correction form, relating per capita consumption to per capita income and … wealth. We find a statistically significant and rather large effect of housing wealth upon household consumption. This effect …

value of financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate … regression models in levels, first differences and in error-correction form, relating per capita consumption to per capita income … and wealth. We find a statistically significant and rather large effect of housing wealth upon household consumption. This …

value of financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate … regression models in levels, first differences and in error-correction form, relating per capita consumption to per capita income … and wealth. We find a statistically significant and rather large effect of housing wealth upon household consumption. This …

, and measures of aggregate consumption for each of the geographic units over time. We estimate regressions relating … consumption to income and wealth measures, finding a statistically significant and rather large effect of housing wealth upon … household consumption. …