How does household wealth influence consumption? The empirical evidence brought so far by the literature is unclear … and the Survey of Consumer Finances. We divide between durables and non durables consumption, and we also investigate the … the previous empirical literature. On the contrary, financial wealth seems to have no significant effects on consumption …

This article investigates how wealth and capital gains affected household consumption in the USA in the period 1989 …-2004. The empirical evidence brought so far by a large literature that investigates the role of wealth shocks on consumption is … between durables and non durables consumption, and we also investigate the roles of the different components of household …

How does household wealth influence consumption? The empirical evidence brought so far by the literature is unclear … durables consumption, and we also investigate the roles of the different components of household wealth, both gross and net … consumption of the older households only. In general, it seems that older households experience higher wealth effects, i …

lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …

household final consumption for 11 advanced countries over the period from 1970 Q1 to 2015 Q4. As a modelling strategy, we …-panel and country-level analyses. In this respect, we find that consumption is mostly explained by income and housing wealth is … positively and significantly correlated with consumption. As counter-intuitive evidence, we detect a negative linkage between …

, income and consumption. We use panel regressions and an instrumental variable approach. First, our panel-based MPC estimates … the reaction to losses versus gains. Fourth, higher MPC is obtained for the two main consumption expenditure categories …. Fifth, we find evidences that housing prices shock decreases consumption inequality while financial wealth shocks have a …

The study quantifies stock market and housing market wealth effects on households' non-durable consumption using … market and housing market wealth effects on households' non-durable consumption using Italian household panel data (SHIW) of … market wealth effects on households' non-durable consumption using Italian household panel data (SHIW) of 1989-2002. We found …