changes in household debt and savings during the 2007 recession. We find that while different segments of the population were …Using administrative credit report records and data collected through several special household surveys we analyze … retirement and savings accounts. If anything, such contributions actually declined on average during that year. Instead, the …

highlight the distinction between planner optimization and household optimization. We show that planner optimization is a … partial substitute for household optimization and that this is still true when households have private in- formation about … household optimization are also implied by planner optimization. A rational utilitarian planner enacts policies that cause the …

This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 …-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged …

. We propose a novel consumption-savings model in which a consumer has a well-defined preference ordering over both … changes. We find that (i) the welfare cost of household-level consumption fluctuations may be overstated by 1.7 percentage …

We consider the life cycle choices of a household that in each period decides how much to consume and how to allocate …, spouses' wages, hours of work, and time spent with children to estimate the sensitivity of consumption and time allocation to … transitory and permanent wage shocks. These structural parameters describe the ability of household to self-insure in response to …

household spending. This paper quantifies the spending response to these policies and examines differences in spending by …

We use U.S. household-level bank account data to investigate the heterogeneous effects of the pandemic on spending and … savings. Households across the income distribution all cut spending from March to early April. Since mid April, spending has …

assumptions on household behavior. The model integrates longitudinal and cross-sectional microeconomic data on household …

survival-state contingent lifetime consumption path for the household without putting it into debt. Such consumption smoothing … Reserve's 1995 Survey of Consumer Finances. This data set provides detailed information on household earnings, assets, housing …