household level data for 2007 and 2009 in the United States - the Survey of Consumer Finances. We find that asset diversity … wealth distribution. Life changing situations such as getting divorced or losing one's job have a statistically significant …

these sources. -- household income ; volatility ; wealth ; medical spending … combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting … for fluctuations in income and out-of-pocket medical expenses, as well as financial wealth sufficient to buffer against …

This paper revisits the standard model of labor supply under two additional assumptions: consumption requires time and … utility at the optimum and above a critical wage level it converts into a pure consumption good. Their labor-supply curve is …

We use 1995, 2002 and 2013 CHIP data to investigate the urban household consumption expenditure inequality. The overall … inequality of urban household consumption expenditure measured by Gini coefficient slightly decreases from 0.33 in 1995 to 0 …, the percentile ratio of p90/p10 shows that consumption inequality increases all the time. Besides, the inequality of basic …

with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but … only above the median of the wealth distribution, with housing as the main driver. Immigrant status reduces the likelihood … worsened the condition of immigrants in terms of wealth holdings, home ownership, and financial fragility. …

We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … heterogeneity across individuals in different households, and requires only a single consumption observation per household. Our main … collective households with consumption technologies that define the public and private nature of expenditures through Barten …

determinants of household income and consumption levels and inequalities. Unconditional as well as conditional stochastic dominance … (SD) tests are performed by year, by household heads' characteristics (age, education, gender, health, marital status and … occupation) and by household characteristics (household type, household size, degree of urbanization). Mean least squares …

This paper uses new data on Swedish national wealth over a period of two hundred years to study whether the patterns in … wealth-income ratios previously found by Piketty and Zucman (2014) for some very rich and large Western economies extend to … lower wealth levels than the rest of Europe, and the main explanation is that the Swedes were too poor to save their income …

household financial assets. Our results suggest that banks information policies have the potential to be an effective tool to … increase individuals' financial literacy and that the relationship between financial literacy and wealth is largely … underestimated by standard regression models. -- financial literacy ; wealth ; instrumental variables …