Journal Article

Disentangling the wealth effect: some international evidence


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: Wealth; Consumption (Economics); Households - Economic aspects;

Access Documents

File(s): File format is application/pdf https://www.frbsf.org/wp-content/uploads/el2007-02.pdf

Authors

Bibliographic Information

Provider: Federal Reserve Bank of San Francisco

Part of Series: FRBSF Economic Letter

Publication Date: 2007

Order Number: 02