We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … 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 …

large majority of subjects indeed have a bias in the perception of wealth, such that balance sheet composition matters: for … implies greater perceived wealth. The predominance of this bias is explained by low cognitive sophistication and great …

This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household … surveys. This heterogeneity is driven by differences in both wealth composition and wealth levels. We find a decreasing … marginal propensity to consume out of wealth across the wealth distribution for all net wealth components. The marginal …

The recently published Household Finance and Consumption Survey has revealed large differences in wealth inequality … between the countries of the Euro area. We find a strong negative correlation between wealth inequality and homeownership … crosscountry inequality differences. We confirm the major role for homeownership rates in accounting for the wealth inequality …

portfolios, 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 …

wealth position of the household only through homeownership. For the sample of inheritors we find that the local average … wealth is difficult to establish due to many potential sources of endogeneity. Utilizing the Household Finance and … is often used as an argument for policies that foster homeownership. However, the causal link between homeownership and …

risks in retirement. Our life cycle model captures these links in order to explain why homeownership in Germany is so low …. Our simulation results indicate that the public long-term care as well as the pension system reduce the homeownership rate …

wealth. To capture the importance of land as an input factor for housing production and for the evolution of wealth in a … housing wealth after Word War II remarkably accurately and accounts for the close connection of house prices to land prices in … the data. It suggests a considerable further increase in housing wealth, relative to income, that is associated with a …

transmission of parental housing wealth changes in childhood are driven in large part by changes to unobserved household …Rising wealth inequality has spurred an increased interest in understanding how and why wealth is correlated across … generations. We exploit plausibly exogenous variation in housing wealth driven by home price changes in different areas to isolate …