Download and Read Comparing Wealth Effects full books in PDF, ePUB, and Kindle. Read online free Comparing Wealth Effects ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
Download Comparing Wealth Effects Book in PDF, Epub and Kindle
We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years and a panel of U.S. states observed quarterly during the 1980s and 1990s. We impute the aggregate value of owner-occupied housing, the value of financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate regressions relating consumption to income and wealth measures, finding a statistically significant and rather large effect of housing wealth upon household consumption
We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for var
Shows how the politics of banking crises has been transformed by the growing 'great expectations' among middle class voters that governments should protect thei
This paper analyzes the existence of “wealth effects” derived from net equity (in the form of housing, financial assets, and total net worth) on consumption
This study is a contribution to the literature on the link between consumption and wealth (wealth effect). A new source of harmonized micro data (Luxembourg Wea
In The Economics of Consumption, Tullio Jappelli and Luigi Pistaferri provide a comprehensive examination of the most important developments in the field of con
