In this paper, we estimate a consumption function based on a new set of data for household wealth. The basis is a standard error correction model where consumption is driven by income and wealth developments in the long run. The model which is estimated on quarterly data for the period 1973-2005...

In this paper, we estimate a consumption function based on a new set of data for household wealth. The basis is a standard error correction model where consumption is driven by income and wealth developments in the long run. The model which is estimated on quarterly data for the period 1973-2005...

Households' savings increased significantly during the first wave of the corona pandemic in Denmark and several other countries. This Economic Memo finds that the higher savings in Denmark were driven by restrictions rather than precautionary consumers. Precautionary savings have so far been...