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This paper provides an overview of the work of the Expert Group on the Joint Distribution of Income, Consumption and Wealth at Micro Level (EG ICW) set up by Eurostat and the OECD. It discusses the challenges of producing joint income, consumption and wealth estimates, assesses their quality,...
Persistent link: https://www.econbiz.de/10014278851
This paper estimates the household income growth rates implied by food demand in a sample of urban Chinese households … estimates indicate stronger gains among poorer households, suggesting that urban inflation up to 2005 in China was “pro …
Persistent link: https://www.econbiz.de/10011065772
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Using administrative panel data from Norway, we investigate the development of household labor income, financial wealth … ; precautionary saving ; consumption smoothing ; household portfolios ; portfolio allocation ; optimal unemployment insurance …
Persistent link: https://www.econbiz.de/10009504553
We estimate marginal propensities to consume from wealth shocks for Italian households. Large asset price shocks in 2008 underpin an IV estimator. A euro fall in financial or risky financial wealth resulted in cuts in annual total (non-durable) consumption of 5-9 (3.5-6) cents. There is evidence...
Persistent link: https://www.econbiz.de/10009779253
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …
Persistent link: https://www.econbiz.de/10009315614
-making processes across households (the "why"). The combination of the quantitative estimation of household response dynamics with a … qualitative exploration of the mental models employed during financial decisions provides a more complete view of household … showing significant variability. However, MPDs play a critical role in household financial adjustments and display …
Persistent link: https://www.econbiz.de/10014512045
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element … intrahousehold allocation of resources and welfare. We show how the sharing rule, which characterizes the within-household … allocations, can be identified from data on household consumption and labor supply. We also argue that a measure based on …
Persistent link: https://www.econbiz.de/10014025329
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