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Date: 2014
Language: eng
Resource Type: journal article
Identifier: http://hdl.handle.net/1959.14/323355
Description: A large number of studies have investigated changes in stock market value on consumption expenditure and have attempted to identify and quantify the magnitude of the 'wealth effect'. Many of these stu ... More
Reviewed: Reviewed
Date: 2012
Language: eng
Resource Type: journal article
Identifier: http://hdl.handle.net/1959.14/195899
Description: Two structural cointegrated models of consumption, labor income and wealth are specified and estimated with US data using the approach of Pagan and Pesaran (2008). We find that consumption and labor i ... More
Reviewed: Reviewed
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