Wealth Effects on Consumption : Microeconometric Estimates from a New Survey of Household Finances

@inproceedings{Bover2006WealthEO,
  title={Wealth Effects on Consumption : Microeconometric Estimates from a New Survey of Household Finances},
  author={Olympia Bover},
  year={2006}
}
for their useful comments, Pilar Velilla for her excellent assistance, and specially Manuel Arellano for lengthy discussions and his valuable suggestions. Abstract This paper presents estimates of wealth effects on consumer spending using the first wave of a new survey of household finances (EFF 2002) that contains direct measures of asset holdings and consumption. A distinguishing feature of the EFF is the availability of such information from a representative sample subject to stratification… CONTINUE READING