Showing 1 - 10 of 32,636
Persistent link: https://www.econbiz.de/10010486433
Persistent link: https://www.econbiz.de/10011586775
Persistent link: https://www.econbiz.de/10013440367
Persistent link: https://www.econbiz.de/10011301884
Persistent link: https://www.econbiz.de/10011305219
financial behavior. We find that private consumption is excessively sensitive to dividend income. Investors across wealth …This paper studies why investors buy dividend-paying assets and how they time their consumption accordingly. We combine … administrative bank data linking customers' consumption transactions and income to detailed portfolio data and survey responses on …
Persistent link: https://www.econbiz.de/10012223798
positively, interest rate and equity market wealth are negatively associated with consumption. Variance decomposition and impulse … through consumption-wealth channel. These evidences may be beneficial for policymakers to understand the role of interest rate … and asset prices on the consumption-wealth channel in Turkey. …
Persistent link: https://www.econbiz.de/10012000880
The ratio of consumption to total household wealth (i.e., tangible assets plus unobserved human wealth) is commonly … component in the consumption equation. The consumption-to-wealth ratio calculated from this model is much less persistent than … relationship between consumption, assets and earnings (i.e., the variable "cay"). The evidence in favor of a stable cointegrating …
Persistent link: https://www.econbiz.de/10011844588
This paper investigates the impact of financial liberalization on the relationship between consumption and total wealth …, increases the current consumption-wealth ratio. From the model, an aggregate long-run relationship is derived between … consumption, total wealth and financial liberalization which is estimated by state space methods using quarterly US data. The …
Persistent link: https://www.econbiz.de/10012224274
We provide evidence that the distributions of consumption, labor income, wealth, and capital income exhibit asymptotic … magnitudes of these four tails simultaneously. Mechanisms addressing the wealth concentration puzzle in these models through … return heterogeneity lead to a mirror consumption concentration puzzle. We match the cross-sectional data on these four …
Persistent link: https://www.econbiz.de/10014442010