We use detailed micro information at household level from the Wealth and Assets Survey to construct measures of wealth … evolution of wealth inequality measures. Our findings suggest that expansionary monetary policy shocks lead to an increase in … wealth inequality and contributed significantly to its fluctuations. This effect is heterogenous across the wealth …

This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The … which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio …

correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … contrast, equity price increases largely benefit the top end of the net wealth (and income) distribution, thus amplify net … households using data from the Household Finance and Consumption Survey (HFCS). The capital gains from bond price and equity …

We revisit the transmission mechanism of monetary policy for household consumption in a Heterogeneous Agent New … Keynesian (HANK) model. The model yields empirically realistic distributions of household wealth and marginal propensities to … consume because of two key features: multiple assets with different degrees of liquidity and an idiosyncratic income process …

The intergenerational income elasticity is a crucial measure of income mobility. In this paper we develop a structural … model to examine the channels through which this elasticity operates. Using data from the Panel Study of Income Dynamics, we … human capital, independent of financial investments while the financial component examines the impact of income that is …