We estimate the effect of pension reforms on households' expectations of retirement outcomes and private wealth …

48 percent on average, and that there is substantial heterogeneity in the distribution. We find that households with low … cash-on-hand exhibit a much higher MPC than affluent households, which is in agreement with models with precautionary …

Data from the 2009 Internet Survey of the Health and Retirement Study show that many U.S. households experienced large … consequence of these shocks, many households reduced substantially their expenditures. For every 10% loss in housing and financial … the sample between households who think that the stock market is likely to recover in a year’s time, and those who do not …

Using new panel data from a representative survey of households in the six largest euro area economies, the paper …

wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … consequence of these shocks, many households reduced substantially their expenditures. We estimate that the marginal propensities … wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year's time …

and increases the wealth-income ratio by 0.32. The response is stronger for younger workers and for households where both …

wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … consequence of these shocks, many households reduced substantially their expenditures. We estimate that the marginal propensities … wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year's time …

wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital … consequence of these shocks, many households reduced substantially their expenditures. We estimate that the marginal propensities … wealth shocks, splitting the sample between households who think that the stock market is likely to recover in a year’s time …

and increases the wealth-income ratio by 0.32. The response is stronger for younger workers and for households where both …

48 percent on average, and that there is substantial heterogeneity in the distribution. We find that households with low … cash-on-hand exhibit a much higher MPC than affluent households, which is in agreement with models with precautionary …