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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...
Persistent link: https://www.econbiz.de/10009760038
In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced …
Persistent link: https://www.econbiz.de/10011564954
/labour shares) have not been fully transmitted to the distribution of primary income between households because other institutional …
Persistent link: https://www.econbiz.de/10014278404
In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced …
Persistent link: https://www.econbiz.de/10011478422
/labour shares) have not been fully transmitted to the distribution of primary income between households because other institutional …
Persistent link: https://www.econbiz.de/10013337381
The present report provides an overview of the development of household consumption in Finland in the 20th century. The study has been carried out in the framework of the AESOPUS study funded by the Academy of Finland. The AESOPUS study aimed to map out the stocks and flows of nitrogen and...
Persistent link: https://www.econbiz.de/10005545878
This paper examines the relationship between house prices and consumption, through the use of debt. Using unique Canadian household-level data that reports the uses of debt, we begin by looking at the relationship between house prices and debt. Using quantile regression, we find a positive and...
Persistent link: https://www.econbiz.de/10009690836
This paper provides an update of Skinner (1987) predicted consumption measure for households in the Panel Study of …
Persistent link: https://www.econbiz.de/10013137673
In this paper we introduce price search decision to a life cycle model, and differentiate consumption from expenditure. The consumers with low wealth and bad income shocks search more and pay less which makes their consumption higher than a model without search option. A plausibly calibrated...
Persistent link: https://www.econbiz.de/10013156310
By mapping households to US employers traded in the stock market and using daily spending data, we provide novel … uncertainty leads households to change their average monthly spending over the next 6-months by -0.95 percent. This negative … forecast horizon window, lasting nine months. The response is pronounced for low-liquidity households, and for households that …
Persistent link: https://www.econbiz.de/10012826257