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on income and wealth to other administrative data with information on financial and real estate transactions. Using this … second is a study of the transmission of income shocks to household consumption. …A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the …
Persistent link: https://www.econbiz.de/10012172449
of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality … early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption … and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other …
Persistent link: https://www.econbiz.de/10011967426
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 …
Persistent link: https://www.econbiz.de/10012111075
on debt composition. Based on a simulation exercise, we find a limited effect of wealth shocks on consumption inequality …. An increase in stock prices tends however to slightly increase consumption inequality, especially at the top of the …This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household …
Persistent link: https://www.econbiz.de/10011735887
analysis are used for verifying the effects of shocks. The results suggest that income, credit and housing wealth are … 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 …
Persistent link: https://www.econbiz.de/10012000880
The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature … fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the …
Persistent link: https://www.econbiz.de/10009760038
holdings and liabilities of all households within a country. In principle, when household wealth surveys are explicitly …. Thereafter we investigate missing top tail observation from wealth surveys as a source of discrepancy. By fitting a Pareto … underestimation of the top tail of the wealth distribution. Conceptual and generic differences as well as missing top tail …
Persistent link: https://www.econbiz.de/10011921042
holdings and liabilities of all households within a country. In principle, when household wealth surveys are explicitly …. Thereafter we investigate missing top tail observation from wealth surveys as a source of discrepancy. By fitting a Pareto … underestimation of the top tail of the wealth distribution. Conceptual and generic differences as well as missing top tail …
Persistent link: https://www.econbiz.de/10013315397
likely to invest in financial assets as their income increases, but the share of financial assets in total wealth remains … subdued as household income increases, since at that point real estate wealth becomes dominant. Finally, we discover that … Republic of Türkiye - Household Finance and Consumption Survey. The empirical analysis concentrates on the motives behind …
Persistent link: https://www.econbiz.de/10014479723
Persistent link: https://www.econbiz.de/10011664050