Disentangling the wealth effect: some international evidence

Eva M. Sierminska () and Yelena F. Takhtamanova

FRBSF Economic Letter, 2007, issue Jan 19

Abstract: In this Economic Letter, we report on research that takes advantage of newly available international data and examines in some detail the wealth effect in three countries, Canada, Finland, and Italy (Sierminska and Takhtamanova 2007). First, we investigate whether consumption responds differently to changes in housing and financial wealth. Second, we investigate whether there are differences in consumption responses to changes in wealth across different age groups.

Keywords: Consumption (Economics); Wealth; Households - Economic aspects (search for similar items in EconPapers)
Date: 2007
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