mortgage markets. The paper focuses specifically on: the transmission channel from housing wealth to consumption and on the …. Estimates of the marginal propensity to consume out of housing wealth are presented for ten OECD countries, where it is found …

-quarter of total household wealth in Europe provides further corroboration for this finding. …

determinant of private consumption is analyzed, namely, by the consideration of wealth effects. It is also analyzed the potential … wealth effects associated to direct property are about 3.5 times superior to those associated to indirect property. Short … in income and in wealth and that the adjustment to long-run component is very slow, which constitutes an indicator that …

trend relationship among consumption, aggregate wealth, and labour income, cay, and three major sources of risk: future …

mortgage markets. The paper focuses specifically on: the transmission channel from housing wealth to consumption and on the …. Estimates of the marginal propensity to consume out of housing wealth are presented for ten OECD countries, where it is found …

changes in wealth perceived to be of a "transitory" as opposed to a "permanent" nature. In this paper, using a unique … combination of regulatory and survey micro-data, we examine the importance of the life-cycle theory, in estimating housing wealth … importance in influencing housing wealth effects. Our results suggest that mortgaged Irish households exhibit a relatively large …

This paper assesses the importance of nonlinearity in estimating the wealth effects on consumption for the US, the UK … and the Euro area. We look at the impact of both (i) aggregate wealth and (ii) disaggregate wealth, namely, by comparing … financial wealth effects with housing wealth effects. We also assess the magnitude of the response of consumption using both a …

Recognizing the importance of household wealth in the overall financial wellbeing of Canadians and the relative … scarcity of the public policy dialogue that is centered unequivocally on wealth, this paper aims to critically examine … households’ wealth position, their attitudes to the accumulation of wealth and practices utilized for that purpose. Measured as …

This letter revisits the question of how wealth shocks influence retirement behaviour, exploiting the dramatic changes … in UK asset prices between 2008 and 2009 as a source of such shocks. We find no evidence that the wealth shocks arising …

consumption, aggregate wealth, and labour income should predict both stock returns and government bond yields. We use data for … consumption to rise. Regarding government bond yields, when bonds are seen as a component of asset wealth, then investors react in …