We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …

-related Unemployment Insurance. Reecting that married couples obtain intra-household insurance by making labor supply choices for both … social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … Social Assistance, which provides a permanent universal household income oor, with a minor role for temporary earnings …

document substantial heterogeneity across these dimensions. The median household in the euro area has a positive interest rate …

are significant differences regarding the marital status, the presence of at least one child in the household and whether … the household is located in a former West or East German federal state. Married couples and couples with children are …

We empirically analyze the optimal mix and optimal generosity of unemployment insurance and social assistance programs …, savings, and the labor supplies of all adult household members. We show that the optimal policy mix is dominated by moderately … generous social assistance, which guarantees a permanent universal minimum household income, with only a minor role for …

by age, education, wealth, sex and household composition. In aggregate, social assistance dominates unemployment …We empirically analyze the heterogeneous welfare effects of unemployment insurance and social assistance. We estimate a … unemployment insurance is reduced. A revenue-neutral rebalancing of social support away from unemployment insurance and toward …

-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household …

household surveys use a response scale that is tailored towards low-inflation regimes. Using data from a randomized controlled …