which can influence portfolio choice: wealth shocks, which are represented by the sovereign debt crisis in the Euro area …

containing information on expenditure, income, wealth and debt in a synthetic panel to understand how household indebtedness …We analyse the effect of shocks to housing wealth and income before and after the Great Recession. We combine datasets … affects the response to income and wealth shocks.We find evidence for both a housing wealth effect and income shocks …

follows the methodology of Malmendier and Nagel (2011) and applies it to a novel data set on household finances covering euro … highlights the relevance of personal experiences for household behaviour …

likely to have invested in the stock market and thus are less likely to report losses in wealth. Yet, individuals with low …

less wealth …

for other assets and time deposits are typically a complement. Wealth elasticity is for most assets around unity …Based on a Financial Almost Ideal Demand System (FAIDS), this paper investigates the wealth structure of German … households. The long-run wealth elasticities and interest rate elasticities were calculated using a unique new quarterly …

equity. Using US household data from the Survey of Income and Program Participation for the period 1996-2006, we find that … especially households with low net worth maintain a larger share of their wealth as home equity if a larger homestead exemption … applies. This home equity bias is also more pronounced if the household head is in poor health, increasing the chance of …

of household wealth and thus part of a financial transaction motive. Negative substitution effects through the expected … equity and labour markets. Equity positively affects money demand through wealth effects, as equities are a significant store … money. All three new elements, in particular housing and financial wealth, have been found statistically and economically …

equivalent to 7.8 percent of the value of owner-occupied housing, or about 30 percent of financial asset holdings in household …