, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and …

By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance … a given net worth with values of assets and debt that are financially certain and risk-free, a greater assetdebt ratio … inattention. Moreover, biased subjects are less patient, less debt averse, more likely to increase spending out of unexpected …

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 …This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house …

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … rich has been linked to the substantial dissaving and large accumulation of debt by the non-rich. Analysis using variation … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and … of large prizes (USD 8,300-150,000) is slightly below one half. While the consumption responses we find are high, their … systematic relations with observables point toward well-understood mechanisms from existing theory and should be useful to …

consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to …We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household …

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 …