{"id":"https://openalex.org/W1591656809","doi":null,"title":"Consumption and Wealth","display_name":"Consumption and Wealth","publication_year":2000,"publication_date":"2000-12-01","ids":{"openalex":"https://openalex.org/W1591656809","mag":"1591656809"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:rba:rbardp:rdp2000-09","doi":null,"is_oa":false,"landing_page_url":"https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-09.pdf","pdf_url":"https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-09.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Alvin Tan","orcid":"https://orcid.org/0000-0003-1366-8168","observed_orcids":["https://orcid.org/0000-0003-1366-8168"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Alvin Tan","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-1366-8168","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5091222384","display_name":"GRAHAM M. VOSS","orcid":"https://orcid.org/0000-0001-7544-6013","observed_orcids":["https://orcid.org/0000-0001-7544-6013"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Graham Voss","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0001-7544-6013","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.34619998931884766,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.34619998931884766,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.32739999890327454,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.24719999730587006,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/consumption","display_name":"consumption","score":0.5550000071525574},{"id":"https://openalex.org/keywords/household-wealth","display_name":"household wealth","score":0.9919999837875366},{"id":"https://openalex.org/keywords/labour-income","display_name":"labor income","score":0.7509999871253967},{"id":"https://openalex.org/keywords/financial-assets","display_name":"financial assets","score":0.6589999794960022},{"id":"https://openalex.org/keywords/non-financial-assets","display_name":"non-financial assets","score":0.9259999990463257},{"id":"https://openalex.org/keywords/demutualization","display_name":"demutualization","score":0.8199999928474426},{"id":"https://openalex.org/keywords/consumption-theory","display_name":"consumption theory","score":0.6330000162124634},{"id":"https://openalex.org/keywords/australian-economy","display_name":"Australian economy","score":0.6259999871253967}],"concepts":[{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.853825569152832},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8232533931732178},{"id":"https://openalex.org/C200890946","wikidata":"https://www.wikidata.org/wiki/Q788096","display_name":"Autonomous consumption","level":3,"score":0.7555776834487915},{"id":"https://openalex.org/C109168655","wikidata":"https://www.wikidata.org/wiki/Q242988","display_name":"Liberian dollar","level":2,"score":0.6709808111190796},{"id":"https://openalex.org/C127598652","wikidata":"https://www.wikidata.org/wiki/Q558635","display_name":"Per capita","level":3,"score":0.5888376235961914},{"id":"https://openalex.org/C2994347159","wikidata":"https://www.wikidata.org/wiki/Q192270","display_name":"Private consumption","level":3,"score":0.55820232629776},{"id":"https://openalex.org/C177033891","wikidata":"https://www.wikidata.org/wiki/Q5164722","display_name":"Consumer spending","level":3,"score":0.5286515355110168},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4090370535850525},{"id":"https://openalex.org/C192250389","wikidata":"https://www.wikidata.org/wiki/Q4692254","display_name":"Aggregate expenditure","level":2,"score":0.36237555742263794},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.33711788058280945},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2871886193752289},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1087590754032135},{"id":"https://openalex.org/C524878704","wikidata":"https://www.wikidata.org/wiki/Q187021","display_name":"Fiscal policy","level":2,"score":0.10253897309303284},{"id":"https://openalex.org/C195742910","wikidata":"https://www.wikidata.org/wiki/Q176494","display_name":"Recession","level":2,"score":0.07557138800621033},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:RePEc:rba:rbardp:rdp2000-09","doi":null,"is_oa":false,"landing_page_url":"https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-09.pdf","pdf_url":"https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-09.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:1591656809","doi":null,"is_oa":false,"landing_page_url":"https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-09.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":24,"referenced_works":["https://openalex.org/W182940498","https://openalex.org/W585357048","https://openalex.org/W1480108218","https://openalex.org/W1834798774","https://openalex.org/W1966288473","https://openalex.org/W2000166301","https://openalex.org/W2000781967","https://openalex.org/W2004071144","https://openalex.org/W2035505185","https://openalex.org/W2081845494","https://openalex.org/W2091020207","https://openalex.org/W2094621746","https://openalex.org/W2161152706","https://openalex.org/W2335559751","https://openalex.org/W2889716834","https://openalex.org/W3001472365","https://openalex.org/W3023454935","https://openalex.org/W3023906401","https://openalex.org/W3121217586","https://openalex.org/W3121885944","https://openalex.org/W3122721387","https://openalex.org/W3123219544","https://openalex.org/W3124744293","https://openalex.org/W3146166473"],"related_works":["https://openalex.org/W7101014123","https://openalex.org/W1983993888","https://openalex.org/W3008770657","https://openalex.org/W2100672908","https://openalex.org/W570732830","https://openalex.org/W2047654864","https://openalex.org/W2462387382","https://openalex.org/W1981236372","https://openalex.org/W2158846412","https://openalex.org/W2040466933"],"abstract_inverted_index":{"Two":[0],"remarkable":[1],"features":[2],"of":[3,69,82,104,168],"the":[4,24,56,124,154],"Australian":[5],"economy":[6],"over":[7,116],"recent":[8,107,125],"years":[9,108],"have":[10,97],"been":[11],"strong":[12],"growth":[13,103,113],"in":[14,30,65,78,91,106,114,130],"private":[15],"consumption":[16,27,37,81,115,146],"expenditure":[17],"and":[18,28,51,94,127,158],"household":[19,53],"wealth.":[20],"This":[21],"paper":[22],"examines":[23],"relationship":[25,45],"between":[26,46],"wealth":[29,54,68,105],"an":[31,63],"effort":[32],"to":[33,112],"better":[34],"understand":[35],"aggregate":[36,52],"behaviour.":[38],"We":[39,86],"find":[40,88,135],"a":[41,76,142],"reasonably":[42],"robust":[43],"steady-state":[44],"non-durables":[47,80],"consumption,":[48],"labour":[49],"income":[50],"for":[55],"period":[57],"1988:Q4\u20131999:Q3.":[58],"Based":[59],"upon":[60],"this":[61,117],"relationship,":[62],"increase":[64],"per":[66],"capita":[67],"one":[70],"dollar":[71],"is":[72],"eventually":[73],"associated":[74],"with":[75,164],"rise":[77],"annual":[79],"approximately":[83],"four":[84],"cents.":[85],"also":[87],"that":[89,138],"changes":[90],"both":[92],"non-financial":[93],"financial":[95],"assets":[96],"significant":[98,143],"effects":[99],"on":[100,145],"consumption.":[101,169],"Above-trend":[102],"has":[109],"contributed":[110],"significantly":[111],"time.":[118],"A":[119],"further":[120],"noteworthy":[121],"result":[122],"concerns":[123],"demutualisations":[126],"share":[128],"floats":[129],"Australia;":[131],"perhaps":[132],"surprisingly,":[133],"we":[134,149],"no":[136],"evidence":[137],"these":[139],"events":[140],"had":[141],"effect":[144],"growth.":[147],"Finally,":[148],"place":[150],"our":[151],"results":[152],"within":[153],"broader":[155],"empirical":[156],"literature":[157],"examine":[159],"whether":[160],"they":[161],"are":[162],"consistent":[163],"standard":[165],"economic":[166],"theories":[167]},"counts_by_year":[{"year":2021,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}