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• W2049173265 startingPage "685" @default.
• W2049173265 abstract "In this study we explore the link between household expenditures and wealth across the age distribution by examining the elasticity of consumption spending from different types of wealth. We use a new source of harmonized wealth micro data for five countries: Canada, Finland, Italy, Germany and the US. Our results indicate that the effect of housing wealth dominates the effect of financial wealth in Finland, Italy, Germany, the US, and also in Canada for certain age groups. We find consumption responsiveness to housing wealth to be statistically significantly lower for younger households. The analysis also confirms the existence of between-country differences." @default.
• W2049173265 created "2016-06-24" @default.
• W2049173265 creator A5007466012 @default.
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• W2049173265 date "2012-07-01" @default.
• W2049173265 modified "2023-10-02" @default.
• W2049173265 title "Financial and Housing Wealth and Consumption Spending: Cross-Country and Age Group Comparisons" @default.
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• W2049173265 doi "https://doi.org/10.1080/02673037.2012.697550" @default.
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