financial behavior. We find that private consumption is excessively sensitive to dividend income. Investors across wealth …This paper studies why investors buy dividend-paying assets and how they time their consumption accordingly. We combine … administrative bank data linking customers' consumption transactions and income to detailed portfolio data and survey responses on …

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 … and asset prices on the consumption-wealth channel in Turkey. …

effect significantly varies among different consumption durability types and is amplified in case of low levels of liquid … wealth. Accounting for the heterogeneity in types of income changes is therefore important to understanding the multiplier …

For most studies that have been carried out, a country's level of income and aggregate wealth go a long way in shaping … the overall welfare of citizens therein. This study seeks to investigate the relationship between wealth status and … educational attainment, as a manifestation of income inequality, especially when the wealth status is disaggregated. With data …

countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …