Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10009381826
Persistent link: https://www.econbiz.de/10011288631
Persistent link: https://www.econbiz.de/10011301884
Persistent link: https://www.econbiz.de/10011305219
Persistent link: https://www.econbiz.de/10010469932
Persistent link: https://www.econbiz.de/10008748692
This paper studies the heterogeneity of the marginal propensity to consume out of wealth using French household surveys. We find decreasing marginal propensity to consume out of wealth across the wealth distribution for all net wealth components. The marginal propensity to consume out of...
Persistent link: https://www.econbiz.de/10013019642
This paper studies the heterogeneity of the marginal propensity to consume out of wealth using French household surveys. We find decreasing marginal propensity to consume out of wealth across the wealth distribution for all net wealth components. The marginal propensity to consume out of...
Persistent link: https://www.econbiz.de/10013022554
This paper analyzes the wealth effect on consumption in France by relying on two original household surveys. First, it provides the first estimate of the marginal propensity to consume out of wealth based on micro data for France (Enquête Patrimoine 2009, Insee): a low but significant wealth...
Persistent link: https://www.econbiz.de/10013037537
The existence of an equity premium puzzle has been largely emphasized in the empirical literature: one observes low risky assets holding that the standard portfolio choice model (with expected and discounting utility and homothetic preferences) is not able to explain. Besides modifications of...
Persistent link: https://www.econbiz.de/10013142172