wealth growth and U.S. income growth significantly. …This paper studies the signalling effect of the consumption-wealth ratio (cay) on German stock returns via vector error …

This paper studies the signalling effect of the consumption-wealth ratio (cay) on German stock returns via vector error … is used, cay has no significant effect on German stock returns. Besides, it is also found that cay signals German wealth … growth and U.S. income growth significantly …

with household income. The paper uses household economic panel data from five countries - Australia, Britain, Germany … countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce …

. Finally, substantial crosscountry heterogeneity in marginal propensities to consume out of income and wealth components calls … decomposing disposable income into labour, property and transfer income is essential for understanding and forecasting consumption …

This paper uses data from the Korean Labor and Income Panel Study (KLIPS) to examine whether measurement error in … income and consumption has the potential to generate biases for studies on income and consumption dynamics. A first …-differenced dynamic panel model is estimated with lagged income and consumption as internal instruments and the household head …