stringent conditions hold. This paper shows that when the two-earner household's saving decision is formulated more generally …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 …

China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U … permanent variance of household income was stable, the transitory variance rose sharply. Based on these estimates, we calibrate … households, respectively, to raise their saving rates. These two factors account for over half of the increase in China's urban …

This paper studies the direct impact of households' debt on consumption over the business cycle. We use household … leverage, consumption, and asset prices. We find that debt levels exert a negative impact on consumption, which is particularly …' debt in past periods are not relevant in determining consumption; (ii) households adjust faster their consumption to debt …

between 2010 and 2014 in Belgium, using panel data from the two waves of the Household Finance and Consumption Survey. Unlike …This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …

information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information …We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …

household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …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 …

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 from an unexpected, large-scale and rapidly evolving political shock that …

We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a … in 1996 as an exogenous increase in the likelihood of marital dissolution. We analyze the saving behaviour over time of …

with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but …