meaningful drag on consumption over and beyond income and wealth effects. The overall impact, however, is modest - around one …

a meaningful drag on consumption over and beyond income and wealth effects. The overall impact, however, is modest …

- relative to older borrowers has played a major role in easing the debt repayment burden in the presence of large income shocks …. Notwithstanding historically low interest rates, we show that income shocks are the main factor contributing to mortgage repayment …

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

-simulations to investigate heterogeneity in the euro area. We quantify shocks to wealth, income and financial pressure faced by … affected the income-poor, while the declining wealth the income-rich. Although borrowers benefited from the substantial … decrease in interest rates, debt service-income and debt-income ratios for poor households went up as they faced falling …

This article aims at linking the household wealth and income distributions for 15 European countries using the … Household Finance and Consumption Survey. We study the role played by the household's location in the income distributions in … the position in the income distribution and by intergenerational transfers on the probability to be in a given wealth …

Many factors inhibiting and facilitating economic growth have been suggested. Will international income data tell which … averaging and classical model selection procedures are sensitive to income differences across datasets. For example, many of the … 1975-1996 growth determinants according to World Bank income data turn out to be irrelevant when using Penn World Table …