"cash-out refinance" an existing loan to fund current consumption are significantly more likely to overestimate their house …

ex-ante homeowners who rate (cash-out) refinance an existing loan to increase savings (consumption) are significantly …

In this paper, we estimate the effect of a tax policy change on households' consumption and retirement savings behavior … find that households reduce their consumption by 14% and increase their PPF savings by 16% in response to an increase in …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …

Using individual-level credit card data from a Singapore financial institution, this paper investigates the …

I show that conventional estimators based on the consumption Euler equation, extensively used in studies of … intertemporal consumption behavior, produce inconsistent estimates of the effect of children on consumption if potentially binding … children on consumption using the Panel Study of Income Dynamics (PSID) for the US and high quality Danish administrative …

significant determinant of consumption. The marginal effects of housing wealth, financial wealth, and income differ substantially … dramatically higher than for households with greater financial wealth. Wealth and its composition affect consumption. …

This paper studies consumption and savings decisions of Danish households before and during the financial crisis as … consumption ratios immediately in response to the financial crisis, net savers have increased their consumption ratios to pre … housing wealth, suggesting that collateral effects may play a role. The MPC is asymmetric; households adjust their consumption …