We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … behavior. The method imposes no parametric structure on household decision processes, accounts for unobserved preference … heterogeneity across individuals in different households, and requires only a single consumption observation per household. Our main …

On the basis of a concatenation of fifteen Belgian household budget surveys from 1995/96 to 2010, we investigate the … impact of demographic factors, such as ageing and changing household composition, on saving behaviour. Not focusing on high … change in household size and composition. Older people seem to be more impatient, and thus save less, though this evidence is …