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Wealth Effects in the US: Evidence from the Combination of Two Surveys
The Economic and Social Review
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| Title |
Wealth Effects in the US: Evidence from the Combination of Two Surveys
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| Creator |
Salotti, Simone
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| Subject |
—
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| Description |
In this article we investigate the role of wealth in household consumption during the period 1989-2007 using a household-level cross sectional dataset. We combine information from the Consumer Expenditure Survey and the Survey of Consumer Finances to build a detailed dataset for the US for this. We adopt a sample combination procedure which differs considerably from that used earlier by other researchers. When comparing our results with previous research, we find a higher elasticity of consumption with respect to income and a lower elasticity of consumption with respect to both housing wealth and, particularly, to financial wealth.
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| Publisher |
The Economic and Social Review
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| Contributor |
—
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| Date |
2013-02-20
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.esr.ie/article/view/54
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| Source |
The Economic and Social Review; Vol 43, No 1, Spring (2012); 67–98
0012-9984 |
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| Language |
eng
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| Relation |
http://www.esr.ie/article/view/54/49
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| Rights |
Copyright (c) 2015 The Economic and Social Review
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