requires, should be easy to empirically disprove: since household-consumption choices differ for households with more members …

available at the household level, and individuals living in multimember households have the potential to share goods within the …

requires, should be easy to empirically disprove: since household-consumption choices differ for households with more members …

available at the household level, and individuals living in multimember households have the potential to share goods within the …

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 … estimated model implies that Italian households can insure between 89 and 95 percent of a transitory and between 7 and 9 percent …

.6 percentage points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …

We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of … wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … consequence of these shocks, many households reduced substantially their expenditures. We estimate that the marginal propensities …

lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with … and increases the wealth-income ratio by 0.32. The response is stronger for younger workers and for households where both …

This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house …-cycle incomplete-markets model with a financial asset and housing to match the large heterogeneity of households asset portfolios …, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the heterogeneity in …