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Luc Arrondel
- 25 June 2015
- WORKING PAPER SERIES - No. 1817Details
- Abstract
- This paper studies the heterogeneity of the marginal propensity to consume out of wealth using French household surveys. We find decreasing marginal propensity to consume out of wealth across the wealth distribution for all net wealth components. The marginal propensity to consume out of financial assets tends to be higher compared with the effect of housing assets, except in the top of the wealth distribution. Consumption is less sensitive to the value of the main residence than to other housing assets. We also investigate the heterogeneity arising from indebtedness and from the role of housing assets as collateral.
- JEL Code
- D12 : Microeconomics→Household Behavior and Family Economics→Consumer Economics: Empirical Analysis
E21 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Consumption, Saving, Wealth
C21 : Mathematical and Quantitative Methods→Single Equation Models, Single Variables→Cross-Sectional Models, Spatial Models, Treatment Effect Models, Quantile Regressions
- 20 August 2014
- WORKING PAPER SERIES - No. 1722Details
- Abstract
- Using the first wave of the Eurosystem Household Finance and Consumption Survey (HFCS), a large micro-level dataset on households
- JEL Code
- D1 : Microeconomics→Household Behavior and Family Economics
D3 : Microeconomics→Distribution - Network
- Household Finance and Consumption Network (HFCN)
- 6 August 2014
- WORKING PAPER SERIES - No. 1709Details
- Abstract
- This article aims at linking the household wealth and income distributions for 15 European countries using the Household Finance and Consumption Survey. We study the role played by the household
- JEL Code
- D31 : Microeconomics→Distribution→Personal Income, Wealth, and Their Distributions
C35 : Mathematical and Quantitative Methods→Multiple or Simultaneous Equation Models, Multiple Variables→Discrete Regression and Qualitative Choice Models, Discrete Regressors, Proportions - Network
- Household Finance and Consumption Network (HFCN)