provided, allowing for measurement error that is correlated with income and wealth. Identification is derived from observing … increases in wealth inequality have passed through to consumption. Repeating this exercise in the Panel Study of Income Dynamics …A method to impute consumption expenditure inequality between wealth groups in the Survey of Consumer Finances is …

The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …