In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced …

/labour shares) have not been fully transmitted to the distribution of primary income between households because other institutional …

households must decide whether to spend their incomes on consumption or saving. The estimated savings rate in DIW Berlin …, wealthy households not only receive higher wages, but also earn the bulk of their money from entrepreneurial activities and …

households' wealth, particularly for those in a position to trade down the housing ladder, which increases their desired level of … households, which appears to contradict the wealth channel. These findings therefore suggest that common causality has been the …

Recent research has shown that 'rich' households save at much higher rates than others (see Carroll (2000); Dynan … perhaps there is exogenous variation in risk tolerance so that highly risk tolerant households engage in high-risk high … households' utility functions directly as a luxury good as in Carroll (2000) (one interpretation is that this reflects the …

widening of wealth disparities. However, such a tendency is found to be stronger among less better-off households in both …

social comparison effects, the insolvency regime decides on lower income households' incentives to expose themselves to … higher levels of GDP under pro-debtor policies, over-borrowing low-income households put a downward pressure on economic … households from taking up unsustainable levels of debt ex ante. …

disparities. However, such a tendency is found to be stronger among less-better-off households in both countries, and this may …