The present paper investigates the relationship between consumption, labour income and household wealth in Australia … that consumers view the recent surge in non-financial wealth as transitory and expect a correction …

goods and services to measures of real income and wealth, where the latter are deflated by a price index for total … consumption expenditures. As a result, tests of standard theories of consumption (such as the Permanent Income Hypothesis, or PIH …

mobility is highest for consumption, followed by income and wealth. Income exhibits the highest intergenerational correlation …We use fifty years of the Panel Study of Income Dynamics to study the intergenerational correlation in income …, consumption, and wealth to answer the question: is intergenerational mobility similar across the three resource measures? Absolute …