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fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the … 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 …
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. We find that, following a negative wealth shock, innovative workers become less productive, and generate lower economic …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 …
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. We find that, following a negative wealth shock, innovative workers become less productive, and generate lower economic …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 …
Persistent link: https://www.econbiz.de/10012453702
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which key variables affecting household income and wealth are included, such as the unemployment rate, wages, interest rates …This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The …-form simulation on micro data from the Household Finance and Consumption Survey, capturing the income composition, the portfolio …
Persistent link: https://www.econbiz.de/10011921470
international bailout in 2010. Given the economic collapse, Ireland provides an ideal case-study of the link between wealth … this massive fall in wealth, measures of health and well-being remained broadly unchanged. However, expectations about …
Persistent link: https://www.econbiz.de/10010228783
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