lack of reliable panel data on household expenditures. One possibility is to use surveys that follow the same households … alternative approach is to use the accounting identity that total household spending is equal to income plus capital gains minus … the change in wealth over the period. The goal of this paper is to examine the advantages and difficulties of using this …

and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other … inequality in per capita income. The level of inequality in Spain is more moderate when total gross household income is analysed … of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality …

expectations. Extrapolative income expectations help explain state-dependent household debt cycles qualitatively and quantitatively …

This report summarises the stylized facts from the fourth wave of the Eurosystem Household Finance and Consumption … Survey, which provides household-level data collected in a harmonised way in all 19 euro area countries, as well as in the … household assets and liabilities, income, and indicators of consumption and credit constraints. …

The results from the second wave of the Eurosysystem's Household Finance and Consumption Survey (HFCS) indicate that …

large majority of subjects indeed have a bias in the perception of wealth, such that balance sheet composition matters: for … implies greater perceived wealth. The predominance of this bias is explained by low cognitive sophistication and great …

large majority of subjects indeed have a bias in the perception of wealth, such that balance sheet composition matters: for … implies greater perceived wealth. The predominance of this bias is explained by low cognitive sophistication and great …

an accumulation of household debt and a downturn in house prices has a substantial adverse impact on consumption. …

During the period leading up to the recession of 2007-08, there was a large increase in household debt relative to …. It is sometimes claimed that these three developments were closely linked. In these stories, the rise in household debt … ask if this story is consistent with the empirical evidence. In particular, I ask five questions: How much household …