Analyzing the effects of financial and housing wealth on consumption using micro data

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. The study uses longitudinal household-level data?from the Panel Study of Income Dynamics (PSID)?covering about 7,000-9,000 household...

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Bibliographic Details
Main Author: Cáceres, Carlos
Format: eBook
Language:English
Published: [Washington, D.C.] International Monetary Fund, [2019]
Series:IMF working paper ; WP/19/115.
Subjects:
Online Access:EBSCOhost
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