Showing 1 - 10 of 1,534
A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the … the change in wealth over the period. The goal of this paper is to examine the advantages and difficulties of using this … consumption expenditure, we combine several data sources from Norway over the period 1994-2014. This allows us to link tax records …
Persistent link: https://www.econbiz.de/10012172449
housing wealth e.ect. Stockholm's smaller city airport was expected to close in 2011 but its operating contract was …
Persistent link: https://www.econbiz.de/10011948340
I characterize how house price shocks affect consumption inequality using a life-cycle model of housing and non …-housing consumption with incomplete markets. I derive analytical expressions for the dynamics of inequalities and use these to analyze … large house prices swings seen in the UK. I show that movements in consumption inequality were large, that they correspond …
Persistent link: https://www.econbiz.de/10012105796
We exploit a quasi-experiment to provide new evidence on the magnitude of the housing wealth effect. We estimate an … unexpectedly continued as a result of political bargaining. This source of price variation is ideal to identify housing wealth …
Persistent link: https://www.econbiz.de/10011967367
from the English Longitudinal Study of Ageing, an optimal level of wealth is calculated for each household. This is … compared to the levels of wealth observed in the data. Our results show that, for those born in the 1940s, the vast majority of … households have wealth levels far greater than necessary to maintain their living standards into and through retirement. …
Persistent link: https://www.econbiz.de/10010402536
Persistent link: https://www.econbiz.de/10013369815
relationship between consumption and income, and more specifically on the wealth effect. A range of different procedures is used to … have eased the liquidity constraints facing households, thus raising the targeted level of consumption. The objective of … assess the impact of financial deregulation on global wealth and on its different components (financial, housing and others) ... …
Persistent link: https://www.econbiz.de/10012444896
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. …
Persistent link: https://www.econbiz.de/10009526546
This paper uses the British Household Panel Survey for the years 1996 to 2000 to investigate whether individuals in the UK save for precautionary motives against uncertain medical costs. In particular, we test the hypothesis that those individuals who are not covered by private medical...
Persistent link: https://www.econbiz.de/10014112813
asymmetry are usually considered as mutually exclusive. Using a single data set for US personal consumption, income and wealth … wealth declines can have considerable negative consumption effects in the short run, households have apparently been able, in … the longer run, to substantially increase consumption expenditure following income and wealth increases, but to keep the …
Persistent link: https://www.econbiz.de/10003744543