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 …

information policies significantly affects household financial assets. We use these policies as instruments to estimate the effect …

comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first … surveys, historical national accounts, and rich lists to analyze the evolution of the German wealth distribution over the long …

Are entrepreneurs liquidity constraint? Using quasi-random housing wealth variation resulting from communist era …

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 …

effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and … the impact of the shock on individuals’ economic choices. Wealth shocks are large across the population, but more …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household …

How much and over what horizon do households adjust their consumption in response to stock market wealth shocks? We … consume of around 4% over a one-year horizon. The estimates differ substantially by household liquidity, but not by financial …

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …

We use survey evidence on reported spending in hypothetical energy price shock scenarios to study novel features of the …