Similar Search Results

Buffer-Stock Saving and Households' Response to Income Shocks

Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 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/10011584626

Transitory Income Changes and Consumption Smoothing: Evidence from Mexico

Angelucci, Manuela; Chiapa, Carlos; Prina, Silvia; … - 2021

We study how 3,534 beneficiaries of PROSPERA, Mexico's cash transfer program, smooth food consumption around the transfer payday, an anticipated and transitory income shock. We find that food consumption and food security do not change around the transfer payday, including for recipients with...

Persistent link: https://www.econbiz.de/10012597598

Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality

Primiceri, Giorgio; van Rens, Thijs - Institute for the Study of Labor (IZA) - 2007

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

Persistent link: https://www.econbiz.de/10005703321

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

Debt Portfolios

Hintermaier, Thomas; Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2011

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

Persistent link: https://www.econbiz.de/10009003472

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

Fernández, Raquel; Wong, Joyce Cheng - Institute for the Study of Labor (IZA) - 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/10009353427

Income Uncertainty and Household Savings in China

Chamon, Marcos; Liu, Kai; Prasad, Eswar - Institute for the Study of Labor (IZA) - 2010

China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U-shaped. Using a panel of urban Chinese households covering 1989-2006, we document a sharp increase in income uncertainty. While the permanent variance of household income was stable,...

Persistent link: https://www.econbiz.de/10008742952

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

Apps, Patricia; Andrienko, Yuri; Rees, Ray - Institute for the Study of Labor (IZA) - 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/10010812036

Political Uncertainty and Household Savings

Aaberge, Rolf; Liu, Kai; Zhu, Yu - Institute for the Study of Labor (IZA) - 2014

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/10011105052

Income Inequality and Saving

Alvarez-Cuadrado, Francisco; El-Attar, Mayssun - Institute for the Study of Labor (IZA) - 2012

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/10010604098

1
2
3
4
5
6
7
8
9
10
Next
Last