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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,...
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Intra-household inequality explains up to 50 percent of the cross-sectional variation in child human capital in the developing world. I study the role played by parents’ educational investment to explain this inequality and its determinants. To mitigate the identification problem posed by...
Persistent link: https://www.econbiz.de/10013331723
MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are modest, around 11% on average. They are higher, but still modest, for individuals in households with high current needs....
Persistent link: https://www.econbiz.de/10012612848
MPCs were directly elicited from a representative sample of UK adults in July 2020. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic uncertainty....
Persistent link: https://www.econbiz.de/10012304942
MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These...
Persistent link: https://www.econbiz.de/10012427912
structural life-cycle model of singles' and married couples' labor supply and savings decisions. The model includes heterogeneity …
Persistent link: https://www.econbiz.de/10014373654
Persistent link: https://www.econbiz.de/10012211858
complete repayment of the mortgage on their primary residence. Using panel data from a household survey, the English … Longitudinal Study of Ageing, we identify those who completed repayment of their mortgage as anticipated two years prior. Despite … mortgage expenditures falling by over £200 per person on average, there is little resulting change in average pension saving …
Persistent link: https://www.econbiz.de/10012427112