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 …We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …

We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features … consumption inequality and wealth inequality. Second, a pension system reform from a defined benefit to a defined contribution … works to reinforce consumption inequality and reduce wealth inequality. Third, minimum pension benefits are able to …

house prices on consumption documented in two papers using the same data set for the UK. On the one hand, Campbell and Cocco …-called wealth hypothesis. On the other hand, Attanasio, Blow, Hamilton, and Leicester (2009) find that house prices have the same … impact on consumption across age groups, consistent with the so-called common factor hypothesis. First, we confirm that the …

terms of both consumption and leisure time. Drawing on household panel data in rural Mexico, I find that migration increases … non-migrants' consumption, but that this consumption gain cannot be explained by labor supply adjustments. Migration …

(gains from specialization and exchange) or by complementarities in consumption (gains from joint consumption of household … public goods and joint time consumption). This paper uses the American Time Use Survey (ATUS) from 2003-2011 to test whether …

We investigate how, in temporary economic hardship, agents change their consumption of health services, and how this … a consumption good with very low intertemporal substitution. The expenditures for GPs are unaltered. The findings … indicate that consumption of health services critically depends on the existence of user charges versus universal coverage. The …

neighbors and investigates whether status consumption is a way for newly arrived city dwellers to signal their social standing … data, we find that recent migrant households gain status from using visible consumption to impress their new neighbors …. -- absolute and relative welfare ; income ; status consumption ; signaling model ; conspicuous consumption ; adaptation ; internal …

Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife … approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from …

wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During … both reduce their consumption and increase their savings in response to an exogenous decline in income. …