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Wealth Heterogeneity and the Marginal Propensity to Consume Out of Wealth
We provide detailed estimates of how the marginal propensity to consume out of wealth (MPC) varies along the distribution of household wealth and by asset composition, and analyse the sources of MPC h ...
Journal of the European Economic Association, 2026
Does inequality matter for the consumption-wealth channel? Empirical evidence
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European Economic Review, 2019