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, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income …
Persistent link: https://www.econbiz.de/10012022025
In this paper, we estimate consumption in the first wave of the Eurosystem Household Finance and Consumption Survey for … a subset of countries that account for around 85% of the aggregate final consumption expenditure of households in the … questions on consumption asked to households participating in the survey and information on consumption collected in the …
Persistent link: https://www.econbiz.de/10011664054
Persistent link: https://www.econbiz.de/10012206278
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …
Persistent link: https://www.econbiz.de/10010337472
Persistent link: https://www.econbiz.de/10010211161
Persistent link: https://www.econbiz.de/10013168314
Persistent link: https://www.econbiz.de/10014526232
In this paper, we examine the impact of reductions in barriers to migration on the consumption of rural households in … China. We find that increased migration from rural villages leads to significant increases in consumption per capita, and … that this effect is stronger for poorer households within villages. Household income per capita and non-durable consumption …
Persistent link: https://www.econbiz.de/10005804666
Persistent link: https://www.econbiz.de/10009327442
We explore the role of habit formation in housing in explaining the life-cycle household allocations. Empirical studies about households in the U.S. reveal that the housing profile increases monotonically until age mid-60s and then flattens out. The model is realistically calibrated and solved...
Persistent link: https://www.econbiz.de/10010738028