Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper … population) as well as in mortgage markets have led to a structural break in the effect of housing wealth on consumption in the …

effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …

information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …

This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for … of homeownership in Malta, the median net wealth in Malta was estimated to be significantly higher than in the euro area …

This paper compares the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS) for … of homeownership in Malta, the median net wealth in Malta was estimated to be significantly higher than in the euro area …

recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data … from the Survey of Household Finances over the period 2002 to 2014 to examine the distributions of income and wealth in … both income and wealth following the sharp decline in house prices that occurred since 2008, with house price fluctuations …

We use 1995, 2002 and 2013 CHIP data to investigate the urban household consumption expenditure inequality. The overall … inequality of urban household consumption expenditure measured by Gini coefficient slightly decreases from 0.33 in 1995 to 0 …, the percentile ratio of p90/p10 shows that consumption inequality increases all the time. Besides, the inequality of basic …

therefore, increases wealth inequality …-ownership, consumption pattern in the cross- section and through life-cycle. We find that the lack of stock market access, proxied by a fixed … entry cost and variable costs, plays a key role in generating heterogeneous outcome in agent’s wealth accumulation, and …

Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data … on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … have access only to a risk‐free asset compared to when we account for the fact that much of their wealth is stored in …

retirement decisions are explicitly modeled within a public pension system. Heterogeneity with respect to consumption preferences …