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United States, reflecting the importance of equities in aggregate household wealth in these countries. A significant wealth … effect is also evident in Japan, but because household wealth has changed little on balance in Japan in recent years, this … remain a less important form of household wealth in most of these countries, and the consumption response to changes in …
Persistent link: https://www.econbiz.de/10014118079
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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 constitute...
Persistent link: https://www.econbiz.de/10010337472
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...
Persistent link: https://www.econbiz.de/10009772970
Persistent link: https://www.econbiz.de/10010258445
countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth …
Persistent link: https://www.econbiz.de/10012139739
, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income … wealth are closely linked to household characteristics, including income and demographic factors. Finally, underlying … structural changes in household characteristics point to potentially lower aggregate MPCs from wealth going forward …
Persistent link: https://www.econbiz.de/10012022025
Exploring dynamics of household final consumption is an important concern for policy-makers. Turkey had witnessed … and therefore, other macroeconomic variables. In this paper, we examine the linkage between household final consumption …
Persistent link: https://www.econbiz.de/10012000880
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