. This paper studies a unique reform in Germany that allowed workers to hold small secondary jobs tax-free, decreasing the …

supermarket entry on household welfare. The richness of the microdata allows us to estimate a general expression for the gains … large and significant welfare gains for the average household that are mainly driven by a reduction in the cost of living …

dynamic model of consumption and labor supply. We emphasize two key results. First, a psychology-based theory of poverty traps … of financial stress. On the other hand, naifs dis-save, fall into a poverty trap, and incur high welfare losses. Second …

This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand … household income and asset market returns, has a differential impact on individuals within and across countries. Generally, poor … policy-induced variations in stock returns. Finally, monetary contractions have a larger impact on consumption in Germany and …

luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes …

A brief historical overview of the household equipment revolution and the women who transformed the home in Germany and …