consumption expenditure to the assumptions made and the data used. We then compare our measures of household expenditure to those … second is a study of the transmission of income shocks to household consumption. …A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the …

This paper examines the impact of changes in household wealth on homeowners' consumption behavior using recent panel … data of Japanese households. For an average household, we find the elasticity of consumption spending with respect to … household wealth to be roughly 1.0% for housing and 1.8% for financial wealth. Furthermore, we also find that homeowners …

There is widespread disagreement about the role of housing wealth in explaining consumption. This paper exploits liquid … and illiquid wealth time series from household balance sheet data for South Africa, previously constructed by the authors …, to explain fluctuations in the ratios of consumption and household debt to income in South Africa, from 1971 to 2005. The …

Housing property is the most important position in a household's wealth portfolio. Even though there is strong evidence … paper examines if there is a wealth effect of house prices on savings using household-level longitudinal data from the … interpret this as evidence of a housing wealth effect. …

We investigate the long run relationship between private consumption, disposable income and wealth approximated by … equity and house price indices for a panel of 15 industrialized countries. Consumption, income and wealth are cointegrated in … idiosyncratic level, a long run equilibrium is detected between consumption and income, i.e. the wealth variable can be excluded …

This paper adds to the literature on wealth effects on consumption by disentangling financial wealth effects from … of all wealth variables on euro area consumption is significant and positive in most specifications for both datasets ….6 cents per euro of financial wealth spent on consumption according to the estimations with euro area aggregate data. However …

This paper estimates the wealth effects on consumption in the euro area as a whole. I show that: (i) financial wealth … consumption to wealth is substantially different from the long- run wealth effects. By disaggregating financial wealth into its … effects are relatively large and statistically significant; (ii) housing wealth effects are virtually nil and not significant …

Using a dataset of 171 countries, I show that macroprudential policy (MaPP) exacerbates wealth inequality. I find that …, after the adoption of MaPP, wealth concentration as measured by the Gini index increases by about 4.4 percentage points … relative to a synthetic control country without MaPP. This is explained by an upsurge in the wealth share of the top 1 percent …