consumption, housing and financial wealth, cross country panel data

Publication date: 15 May 2004 | Publication type: NIESR Discussion Paper | Authors: Barrell, R, Davis, P | JEL classification: E21 | NIESR discussion paper number: 232
Financial assets are generally chosen for encapsulating wealth effects in empirical work on aggregate consumption, but there is growing interest in tangible wealth, notably housing, as a potential determinant. We estimate consumption functions for the G-5, country-by-country and on a panel basis,...