(relative to other factors) for consumption falls in 2008/09. Thus wealth effects on consumption can be important for households …We estimate marginal propensities to consume from wealth shocks for Italian households. Large asset price shocks in … 2008 underpin an IV estimator. A euro fall in financial or risky financial wealth resulted in cuts in annual total (non …

We use panel data from the Italian Survey of Household Income and Wealth from 1991 to 2016 to document empirically what … components, modest changes in consumption expenditures, and large changes in wealth. We then split the sample in households which … do not own business or real estate wealth, and households who do. For the first group, we find that consumption responses …

English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … level of living standards in both working life and retirement. We use a life-cycle model of consumption and saving to … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority …

measures of inequality, by extending the analysis from income to consumption and saving, and by providing results that are …

This chapter is concerned with the distribution of personal wealth, which usually refers to the material assets that … on wealth distribution for a number of countries. This confirms the well known fact that wealth is more unequally … distributed than income, and points to a long term downward trend in wealth inequality over most of the twentieth century. We also …

effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …

shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then …This paper suggests a method for estimating the distribution of discount rates using panel data on income and wealth … general panel date on total consumption from the intertemporal budget constraint. The distribution of consumption levels is …

, consumption and wealth estimates, assesses their quality, and presents selected experimental results. Although the analysis … reveals large differences between countries, a number of general patterns emerge. First, income, consumption and wealth are …This paper provides an overview of the work of the Expert Group on the Joint Distribution of Income, Consumption and …

an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several …This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on …-economic characteristics such as income, wealth and age? What is the weight of housing in households’ balance sheets and how does this vary …

lower-than-expected incomes are realized. We assess the aggregate implications by estimating a consumption model with … expectations. Extrapolative income expectations help explain state-dependent household debt cycles qualitatively and quantitatively …