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 … do not impose any model structure on the consumption process. This suggests that Italian households do not have access to …

This paper employs Swedish data on households' stock holdings to investigate how consumption responds to changes in … a flat 5 percent for the rest of the distribution. Households' consumption is significantly more responsive to dividend …

recent substantial rise (2008-2011) can be interpreted using a parsimonious 'buffer stock' model of consumption in the …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …

The combination of credit constraints and indivisible consumption goods may induce some risk-averse individuals to …

income, a large increase in measured consumption as a fraction of GDP, and a shift toward more unequal income distribution … is largely due to increased borrowing by lower-income households who sought to maintain rising consumption in the face of … stagnant incomes; this increased consumption in turn played an important role in maintaining aggregate demand. In this paper, I …