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Heterogeneous Life-Cycle Profiles, Income Riskand Consumption Inequality

Primiceri, Giorgio E.; Rens, Thijs van - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Was the increase in income inequality in the US due to permanent shocks or merely to anincrease in the variance of transitory shocks? The implications for consumption and welfaredepend crucially on the answer to this question. We use CEX repeated cross-section data onconsumption and income to...

Persistent link: https://www.econbiz.de/10005861079

Buffer-Stock Saving and Households' Response to Income Shocks

Fella, Giulio - 2016

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

Persistent link: https://www.econbiz.de/10012980277

Household Debt and Crises of Confidence

Hintermaier, Thomas - 2015

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence. The house price feeds back on itself by contributing to a liquidity effect, which operates through the value of housing in a collateral constraint. Over a specific range of debt...

Persistent link: https://www.econbiz.de/10013013592

Political Uncertainty and Household Savings

Aaberge, Rolf - 2015

Despite macroeconomic evidence pointing to a negative aggregate consumption response due to political uncertainty, few papers have used microeconomic panel data to analyze how households adjust their consumption after an uncertainty shock. We study household savings and expenditure adjustment...

Persistent link: https://www.econbiz.de/10013031192

The Disappearing Gender Gap : The Impact of Divorce, Wages, and Preferences on Education Choices and Women's Work

Fernández, Raquel - 2011

Women born in 1935 went to college significantly less than their male counterparts and married women's labor force participation (LFP) averaged 40% between the ages of thirty and forty. The cohort born twenty years later behaved very differently. The education gender gap was eliminated and...

Persistent link: https://www.econbiz.de/10013119017

Debt Portfolios

Hintermaier, Thomas - 2011

calibrated model matches important quantitative characteristics of observed wealth and debt portfolios for prime-age consumers in …

Persistent link: https://www.econbiz.de/10013126139

Why are Saving Rates so High in China?

Yang, Dennis Tao - 2011

In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000-2008. Using data from the Flow of Funds Accounts (FFA)...

Persistent link: https://www.econbiz.de/10013130462

Income Inequality and Saving

Alvarez-Cuadrado, Francisco - 2013

Over the last three decades, average income for the bottom half of the US distribution increased by 8% while their average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in inequality and a continuous decrease in the aggregate...

Persistent link: https://www.econbiz.de/10013088975

The Risk of Divorce and Household Saving Behavior

Gonzalez, Libertad; Özcan, Berkay - 2021

We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a theoretical perspective, the expected sign of the effect is ambiguous. We take advantage of the legalization of divorce in Ireland in 1996 as an exogenous increase in the likelihood of...

Persistent link: https://www.econbiz.de/10013324944

Risk and Saving in Two-Person Households : More Scope for Precautionary Saving

Apps, Patricia F. - 2012

The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...

Persistent link: https://www.econbiz.de/10013099761

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