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Buffer-stock saving and households' response to income shocks

Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2017

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 …

Persistent link: https://www.econbiz.de/10011637578

Wealth shocks, unemployment shocks and consumption in the wake of the Great Recession

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2014

We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …

Persistent link: https://www.econbiz.de/10010420293

The consumption and wealth effects of an unanticipated change in lifetime resources

Jappelli, Tullio; Padula, Mario - 2015

lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …

Persistent link: https://www.econbiz.de/10011282352

The reaction of consumer spending and debt to tax rebates: Evidence from consumer credit data

Lusardi, Annamaria; Mitchell, Olivia S. - Center for Financial Studies - 2007

We use a new panel dataset of credit card accounts to analyze how consumer responded to the 2001 Federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that, on...

Persistent link: https://www.econbiz.de/10010986371

Wealth shocks, unemployment shocks and consumption in the wake of the Great Recession

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - Center for Financial Studies - 2014

We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …

Persistent link: https://www.econbiz.de/10010958788

Precautionary saving and the marginal propensity to consume out of permanent income

Carroll, Christopher D. - Center for Financial Studies - 2009

The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income …

Persistent link: https://www.econbiz.de/10010958808

Household debt and crises of confidence

Hintermaier, Thomas; Koeniger, Winfried - 2015

confidence may drive house prices and aggregate consumption. …

Persistent link: https://www.econbiz.de/10011348214

Actual and perceived financial sophistication and wealth accumulation: The role of education and gender

Bannier, Christina E.; Neubert, Milena - 2016

This study examines the role of actual and perceived financial sophistication (i.e., financial literacy and confidence) for individuals' wealth accumulation. Using survey data from the German SAVE initiative, we find strong gender- and education-related differences in the distribution of the two...

Persistent link: https://www.econbiz.de/10011420395

Evaluating how child allowances and daycare subsidies affect fertility

Goldstein, Joshua R.; Koulovatianos, Christos; Li, Jian; … - 2017

accumulation and consumption; and (ii) randomized vignette-survey policy experiments. We implement both tools in the United States …

Persistent link: https://www.econbiz.de/10011612851

Putting the pension back in 401(k) retirement plans: Optimal versus default longevity income annuities

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2018

calibrated lifecycle consumption and portfolio choice model embodying realistic institutional considerations. Our welfare …

Persistent link: https://www.econbiz.de/10011936359