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 …

utility to differ between households with and without offspring. Our estimates imply a very strong utility of residual wealth …-quarters of aggregate wealth at age 85. More surprisingly, we estimate similar utility of residual wealth for households with and … without offspring. We interpret this as, prima facie, evidence that the utility of residual wealth represents forces beyond an …

In this paper, I study the role of housing for wealth accumulation and the determination of the equilibrium real … between 1980 and 2018 of almost 4 percentage points (pp), an increase in the wealth-to-income ratio of almost 250 pp and an … increase in the share of housing wealth of almost 8 pp. All of these patterns are broadly in line with the empirical …

of homeownership in Malta, the median net wealth in Malta was estimated to be significantly higher than in the euro area …