We estimate marginal propensities to consume from wealth shocks for Italian households in the early part of the Great … Recession. Large asset price shocks in 2008 underpin an IV estimator. A euro fall in risky financial wealth resulted in cuts in … annual total (non -durable) consumption of 8.5 ] 9 (5.5 -5.7) cents. There is evidence of effects on food spending. Responses …

household asset ownership, asset wealth and household retirement behavior varied with the nativity of the household and its …Using the 2006 and 2010 Health and Retirement Study, we explore how the recent recession impacted the wealth holding … standing in the wealth distribution prior to the onset of the recession. We find that the so-called Great Recession made a …

impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the …

from the Survey of Household Finances over the period 2002 to 2014 to examine the distributions of income and wealth in … group incomes rising. In addition, higher levels of mobility within the middle of the household wealth distribution are … recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data …

We investigate how the deterioration of household balance sheets affects worker productivity, and whether such effects … declines in housing wealth, but who were employed at the same firm and lived in the same area at the onset of the 2008 crisis …. We find that, following a negative wealth shock, innovative workers become less productive, and generate lower economic …