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Cited by 455

The DOI matches its Crossref record; 48 of the 48 references it cites were found in a registry or an index.

The Wealthy Hand-to-Mouth

Kaplan, Greg, Violante, Giovanni L., Weidner, Justin·2014·Brookings Papers on Economic Activity
DOI 10.1353/eca.2014.0002
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Abstract

The “wealthy hand-to-mouth” are households that hold little or no liquid wealth, whether in cash or in checking or savings accounts, despite owning sizable amounts of illiquid assets (assets that carry a transaction cost, such as housing or retirement accounts). We use survey data on household portfolios for the United States, Canada, Australia, the United Kingdom, Germany, France, Italy, and Spain to document the share of such households across countries, their demographic characteristics, the composition of their balance sheets, and the persistence of hand-to-mouth status over their life cycle. The portfolio configuration of the wealthy hand-to-mouth suggests that these households may have a high marginal propensity to consume out of transitory income changes, a prediction for which we find empirical support in PSID data. We explain the implications of this group of consumers for macroeconomic modeling and fiscal policy analysis.

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Metadata

Authors
Kaplan, G., Violante, G. L., & Weidner, J.
Venue
Brookings Papers on Economic Activity
Publisher
Project MUSE
Published
2014-03
Volume
2014
Issue
1
Pages
77-138
ISSN
  • 0007-2303 (ISSN-L)
  • 1533-4465
DOI
10.1353/eca.2014.0002
OpenAlex
W2233394530
Cited by
455
References
48
FWCI
98.25
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The Wealthy Hand-to-Mouth. https://app.cochat.ai/papers/10.1353/eca.2014.0002
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Kaplan, G., Violante, G. L., & Weidner, J. (2014). The Wealthy Hand-to-Mouth. Brookings Papers on Economic Activity. https://doi.org/10.1353/eca.2014.0002

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