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. The HFCS provides household-level data on assets, liabilities, wealth and income. As such, it plays an important role in …This article summarizes the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS … macro statistics. The results also provide a glimpse of the impact of the COVID-19 pandemic on household balance sheets and …
Persistent link: https://www.econbiz.de/10014296471
Persistent link: https://www.econbiz.de/10014428524
We study the household sector's post-tax income and debt position as propagation mechanisms of public into private …
Persistent link: https://www.econbiz.de/10012167583
Persistent link: https://www.econbiz.de/10012617810
-dollar increase in pension wealth leads to a 26-cent rise in total debt. We exploit time-sector variation in mandatory … pension contribution rates to isolate the effect of pension wealth on the full financial balance sheet. Concerns of …
Persistent link: https://www.econbiz.de/10012229479
to which the household sector appears to have "led" the drop in aggregate economic activity in this recession. This paper … uses household-level data from the Federal Reserve Board's series of Surveys of Consumer Finances to document three factors … that appear to have contributed to greater financial stress in the household sector in the current downturn compared with …
Persistent link: https://www.econbiz.de/10013128716
, namely: i) wealth effects on consumption, ii) housing prices and household indebtedness, iii) retirement income, consumption …The first part of this paper provides a brief survey of the recent literature that employs survey data on household … portfolio selection and vi) wealth inequality. The second part uses concrete examples to summarise how results from such surveys …
Persistent link: https://www.econbiz.de/10013316515
inheritances. With regard to net wealth, despite the lower mean relative to the euro area mean net wealth, the median household in … 2009 had net wealth close the median euro area household, a finding that was attributed to the high homeownership rate in …The paper presents the methodology and the main results of the Household Finance Survey 2009, which was conducted by …
Persistent link: https://www.econbiz.de/10013404116
household debt, wealth inequality and consumption volatility. The households' consumption function, in the model, incorporates a … caps affect household debt, wealth inequality and consumption volatility differently, mediated by changes in the housing … household debt and consumption volatility, while limiting first-time buyers even increases wealth inequality. Hence, our …
Persistent link: https://www.econbiz.de/10012659147
household debt, wealth inequality and consumption volatility. The households’ consumption function, in the model, incorporates a … caps affect household debt, wealth inequality and consumption volatility differently, mediated by changes in the housing … household debt and consumption volatility, while limiting first-time buyers even increases wealth inequality. Hence, our …
Persistent link: https://www.econbiz.de/10013213931