ex-ante homeowners who rate (cash-out) refinance an existing loan to increase savings (consumption) are significantly …

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

ex ante homeowners who rate (cash-out) refinance an existing loan to increase savings (consumption) are significantly …

contested determinants of the correlation between house prices and saving. Crucially, to compare the savings behaviour of home … and saving for young and old home-owners, both through a direct wealth eff ect and through housing equity serving as … collateral or precautionary wealth. …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … which housing price changes work as a "wealth effect". In such models, windfall gains in housing always lead to positive … changes in consumption. However, this might be a fallacy of composition. Such models ignore that changes in housing wealth …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … which housing price changes work as a "wealth effect". In such models, windfall gains in housing always lead to positive … wealth have distributional consequences between those planning to sell their house and those planning to buy a house. Further …

The study primarily explores the linkage between wealth effects, arising from stock and housing market channels, and …-panel and country-level analyses. In this respect, we find that consumption is mostly explained by income and housing wealth is … consumption and stock wealth. The evidence also suggests a long-run cointegration relationship among consumption, income, interest …

paper examines if there is a wealth effect of house prices on savings using household-level longitudinal data from the …Housing property is the most important position in a household's wealth portfolio. Even though there is strong evidence … savings in response to unanticipated house price shocks, whereas old households only hardly respond to house price changes. We …