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 …

comprehensive study of wealth and its distribution in Germany since the 19th century. We combine tax and archival data, household … trends have left their mark on the German wealth distribution. Households at the top made substantial capital gains from … insights into the role of country-specific shocks in shaping long-run wealth dynamics. This paper presents the first …

asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare …

This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality …

full efficiency. The effect of the inability to commit across time on the savings level is examined under a tractable …

Collective consumption decisions taken by the members of a household may prove inefficient. The impact on market … performance depends on whether household inefficiencies are caused by inefficient net trades with the market or by inefficient … distribution of resources within households. Inefficient internal distribution always results in inefficient equilibrium …

pulls many households supporting them into poverty. We also show that the household formation responses draw some unemployed … to getaccess to resources without support from unemployment compensation. Analysing a household survey from 1995, we find … that the household formation response of the unemployed is the critical way in which they assure access to resources. In …

The new information and communication technology, ICT, induces households to take over tasks from firms and government …. We argue that the importance of ICT for the exchange process between households and organizations is underestimated by … analysis of household behavior utilizes a modified version of Gary Becker s model of the household as a combined producer-consumer. …