How does household wealth influence consumption? The empirical evidence brought so far by the literature is unclear … and the Survey of Consumer Finances. We divide between durables and non durables consumption, and we also investigate the … the previous empirical literature. On the contrary, financial wealth seems to have no significant effects on consumption …

This article investigates how wealth affected household consumption in the USA in the period 1989-2007. Previous … several types of wealth on consumption. Our estimates indicate that there is a significant tangible wealth effect, while … financial wealth seems to affect consumption mainly for the richer part of the population. Both effects are larger during …

How does household wealth influence consumption? The empirical evidence brought so far by the literature is unclear … durables consumption, and we also investigate the roles of the different components of household wealth, both gross and net … consumption of the older households only. In general, it seems that older households experience higher wealth effects, i …

The study quantifies stock market and housing market wealth effects on households' non-durable consumption using … market and housing market wealth effects on households' non-durable consumption using Italian household panel data (SHIW) of … market wealth effects on households' non-durable consumption using Italian household panel data (SHIW) of 1989-2002. We found …

significant determinant of consumption. The marginal effects of housing wealth, financial wealth, and income differ substantially … dramatically higher than for households with greater financial wealth. Wealth and its composition affect consumption. …

This paper analyzes the wealth effect on consumption in France by relying on two original household surveys. First, it … stockholders. Second, it studies how French households have adapted their consumption plans during the 2008-2009 crisis by relying … on household self-assessed changes in future consumption (survey PATER). Besides the direct wealth effect, our results …

initial consumption response to housing price shocks is greater than to stock market capitalization shocks, but the long …-run consumption response to the latter is more persistent than to the former. …

beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …

beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …

wealth. These changes causally affect actual consumption and hypothetical debt decisions. Our findings suggest real wealth … mediates the sensitivity of consumption to inflation once households are aware of the wealth effects of inflation. …