We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across … heterogeneity in the mean savings offset depending on age, risk attitudes and country. Third, the offset follows different patterns …

stock' model of optimal consumption in the presence of labor income uncertainty and credit constraints. Saving in the model …

, income and welfare state policies in explaining differences in household net wealth within and between euro area countries … wealth percentiles. At the same time, each additional percentile in the income distribution is associated with about 0.4 net …

This article aims at linking the household wealth and income distributions for 15 European countries using the … Household Finance and Consumption Survey. We study the role played by the household's location in the income distributions in … the position in the income distribution and by intergenerational transfers on the probability to be in a given wealth …

harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …

in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth …The report on the Measurement of Economic Performance and Social Progress by Stiglitz, Sen and Fitoussi concludes that … consumption, income and wealth can be analysed. Current researches linking macro and micro information for the households have …

We estimate the long- and short-run relationship between top income and wealth shares for France and the US since 1913 … to a reduction of the long-run gap between wealth and income inequality compared to the period before. In the short …-run, income inequality drives wealth inequality, while the converse link is weaker and slower. Using counterfactual simulations …

A large body of microeconomic evidence supports Friedman (1957)'s proposition that household income can be reasonably … model of Krusell and Smith (1998) to accommodate such a microeconomic income process. Our incorporation of substantial … permanent income shocks helps our model to explain a substantial part of the large degree of empirical wealth heterogeneity that …