Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/91566 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
IFS Working Papers No. W12/09
Verlag: 
Institute for Fiscal Studies (IFS), London
Zusammenfassung: 
Prices of real and financial assets fell substantially in the UK during 2008-09. The fourth wave of the English Longitudinal Study of Ageing (ELSA) was in the field throughout this 'financial crisis'. We use these data and earlier ELSA waves first to document the effect of the crisis on the finances of those aged 50 and over in England, and second, to estimate the effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future bequests. Expectations of bequests seem particularly tied to housing wealth.
Schlagwörter: 
consumption
expectations
financial crisis
wealth
JEL: 
D12
D14
E21
G01
G11
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
955.42 kB





Publikationen in EconStor sind urheberrechtlich geschützt.