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 …

Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric … German micro-data on household expenditure to estimate equivalence scales as a specific example. Our results show that …

information structure and labor supply decisions follow the Mirrleesian tradition. However, while the household’s total …

This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a … between the 25th and 75th percentile of the distribution. The household data also reveal that the paths of income and wealth … inequality deviated substantially. Differences in the composition of household portfolios along the wealth distribution explain …

well as at all levels of net wealth at a point in time. Gifts and inheritances are only an important source of income flows … extreme wealth inequality in society. …

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

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