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 …

with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but … only above the median of the wealth distribution, with housing as the main driver. Immigrant status reduces the likelihood … worsened the condition of immigrants in terms of wealth holdings, home ownership, and financial fragility. …

Financial literacy is higher for men than for women and high financial literacy has been linked to higher wealth and …-retirement couples and their level of wealth and financial stress using TILDA data for Ireland. We find that joint financial literacy is … more highly correlated with household wealth, particularly real estate, than the financial literacy of individual members …

We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features … consumption inequality and wealth inequality. Second, a pension system reform from a defined benefit to a defined contribution … works to reinforce consumption inequality and reduce wealth inequality. Third, minimum pension benefits are able to …

We analyze dynamic interactions between market insurance, the stock of insurable assets and liquid wealth accumulation … in which households own abundant liquid wealth. It turns out that precautionary motives still matter because of …