A method to impute consumption expenditure inequality between wealth groups in the Survey of Consumer Finances is … increases in wealth inequality have passed through to consumption. Repeating this exercise in the Panel Study of Income Dynamics … provided, allowing for measurement error that is correlated with income and wealth. Identification is derived from observing …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper … population) as well as in mortgage markets have led to a structural break in the effect of housing wealth on consumption in the …

We use 1995, 2002 and 2013 CHIP data to investigate the urban household consumption expenditure inequality. The overall … inequality of urban household consumption expenditure measured by Gini coefficient slightly decreases from 0.33 in 1995 to 0 …, the percentile ratio of p90/p10 shows that consumption inequality increases all the time. Besides, the inequality of basic …

The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature … fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects - the …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might be a fallacy of composition. Such models ignore that changes in housing wealth … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …

This paper aims to test the microfoundations of consumption models and quantify the macro implications of heterogeneity … in consumption behavior. We propose a new empirical method to estimate the sensitivity of consumption to permanent and … sensitive to income shocks than those who stand to gain. Following a 1 percentage point rate increase, we estimate consumption …

We exploit a quasi-experiment to provide new evidence on the magnitude of the housing wealth effect. We estimate an … unexpectedly continued as a result of political bargaining. This source of price variation is ideal to identify housing wealth …

housing wealth e.ect. Stockholm's smaller city airport was expected to close in 2011 but its operating contract was …

positively, interest rate and equity market wealth are negatively associated with consumption. Variance decomposition and impulse … through consumption-wealth channel. These evidences may be beneficial for policymakers to understand the role of interest rate … and asset prices on the consumption-wealth channel in Turkey. …