.6 percentage points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …

This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house …, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the heterogeneity in … household finances implies that responses of consumption to changes in the real interest rate and in house prices differ …

lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …

We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …

information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …