This article examines the relationship between wealth accumulation and job search dynamics. It proposes a model in … wealth is to finance voluntary quits in order to search for better jobs. Using data on men from the National Longitudinal … tight and reinforce the influence of wealth on job acceptance decisions, namely that more initial wealth and access to …

The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … 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 …

asymmetry are usually considered as mutually exclusive. Using a single data set for US personal consumption, income and wealth … literature. Our findings can also be interpreted in the context of the secular decline in the US personal savings rate before the …

English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …