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than households living in Continental Europe. Household characteristics and institutional macroeconomic variables are …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 …
Persistent link: https://www.econbiz.de/10013020673
We study the relationship between fiscal policy and household saving across the euro area countries for the period 1999 … panel setting. We find that fiscal expansions are associated with an increase in household saving rate in the euro area …
Persistent link: https://www.econbiz.de/10013310202
in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth … to household wealth using both survey data and financial accounts. It builds a link between wealth survey and national … household groups …
Persistent link: https://www.econbiz.de/10013072608
This paper considers how monetary policy produces heterogeneous effects on euro area households, depending on the composition of their income and on the components of their wealth. We first review the existing evidence on how monetary policy affects income and wealth inequality. We then...
Persistent link: https://www.econbiz.de/10012913667
This paper shows that individual beliefs on the effectiveness of formal and informal sources of risk sharing determine financial precautionary behavior. We present empirical evidence demonstrating that higher trust in public insurance systems reduces net liquid wealth while higher trust in...
Persistent link: https://www.econbiz.de/10012825354
This paper employs an aggregate representation of an overlapping generation (OLG) model quantifying a decrease of the natural real interest rate in the range of -1.7 and -0.4 percentage points in the euro area between 1990 and 2030 due to demographics alone. Two channels contribute to this...
Persistent link: https://www.econbiz.de/10012889468
-adjusted income levels, various socioeconomic characteristics, housing traits, country-specific constant terms, and household …
Persistent link: https://www.econbiz.de/10013147952
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 …
Persistent link: https://www.econbiz.de/10013053420
follows the methodology of Malmendier and Nagel (2011) and applies it to a novel data set on household finances covering euro … highlights the relevance of personal experiences for household behaviour …
Persistent link: https://www.econbiz.de/10013058238
countries. We estimate the MPC based on a cross-country harmonized household level dataset which combines surveys on wealth …
Persistent link: https://www.econbiz.de/10012844559