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Poor and wealthy hand-to-mouth households in Belgium
Cherchye, Laurens; Demuynck, Thomas; Rock, Bram de; … - 2023
We identify the population shares of poor hand-to-mouth households, wealthy hand-to-mouth households and non hand-to-mouth households in Belgium. We apply the methodology proposed by Kaplan and Violante (2014) and Kaplan, Violante and Weidner (2014) to the Belgian component of the Household...
Persistent link: https://www.econbiz.de/10013549717
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Poor and wealthy hand-to-mouth households in Belgium
Cherchye, Laurens; Demuynck, Thomas; Rock, Bram de; … - 2023
Persistent link: https://www.econbiz.de/10014228027
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The marginal propensity to consume and household savings during the COVID-19 pandemic : evidence from Thailand and Vietnam
Dzung Bui; Dräger, Lena; Hayo, Bernd; Giang Hong Nghiem - 2024
the savings position plays a crucial role, as the effects are especially pronounced for households that experienced a … decline in savings. This result contradicts a prediction from the life-cycle permanent income model with borrowing constraints …
Persistent link: https://www.econbiz.de/10014485520
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How does liquidity affect consumer payment choice?
Stavins, Joanna - 2019
We measure consumers' readiness to face emergency expenses. Based on data from a representative survey of US consumers, we find that financial readiness varies widely across consumers, with lowest-income, least-educated, unemployed, and black consumers most likely to have $0 saved for emergency...
Persistent link: https://www.econbiz.de/10012064153
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The wealth decumulation behavior of the retired elderly in Italy : the importance of bequest motives and precautionary saving
Ventura, Luigi; Horioka, Charles - 2020
In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the Bank of Italy. We find that, on average, the retired...
Persistent link: https://www.econbiz.de/10012198628
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Buying Consumption Smoothing : Saving for the Future by Buying Ahead
Collins, J. Michael; Kulka, Amrita - 2020
This study considers an under-explored channel through which credit-constrained house- holds may smooth consumption – buying ahead. We employ a differences-in-differences-in- differences strategy and exploit variation from state tax laws introduced in different states in different years. Using...
Persistent link: https://www.econbiz.de/10014352175
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Old age savings and house price shocks
McGee, Rory - 2021
savings, consumption, and bequests? Answering this question requires separating precautionary savings, bequest motives, and … the desire to remain in one's home. I develop and estimate a structural model of retirement savings decisions with … marginal liquidity have larger insurance value than fully eliminating LTC expense risk per pound it costs the government. …
Persistent link: https://www.econbiz.de/10012705128
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Can Consumers Distinguish Persistent from Transitory Income Shocks?
Druedahl, Jeppe - 2018
We study whether households can distinguish persistent from transitory income shocks, and the implications for consumption-saving behavior. We construct a novel consumption-saving model where the household must infer the persistent component of its income process from actual income realizations...
Persistent link: https://www.econbiz.de/10012928282
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The Wealth Decumulation Behavior of the Retired Elderly in Italy : The Importance of Bequest Motives and Precautionary Saving
Ventura, Luigi - 2020
In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data from the “Survey of Italian Households' Income and Wealth,” a panel survey of households conducted every two years by the Bank of Italy. We find that, on average, the...
Persistent link: https://www.econbiz.de/10012837210
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Is the selfish life-cycle model more applicable in Japan and, if so, why? : a literature survey
Horioka, Charles - 2020
The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...
Persistent link: https://www.econbiz.de/10012291218