rank them but that the retirement motive is the most important saving motive of European households if the quantitative …We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey … saving motive of European households when the proportion of households saving for each motive is used as the criterion to …

financial behavior. We find that private consumption is excessively sensitive to dividend income. Investors across wealth …

product, we compare how households’ purchasing behavior changes in response to transitory income from tax refunds. We find … that households increase the amount of toilet paper purchased by around 20% in response to a state income tax refund, but … out that households are simply increasing consumption in response to more income. Finally, households increase …

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 … households cannot distinguish persistent from transitory income shocks. We further show that the households' degree of knowledge …

increasing housing wealth over one year to be around 4-6 per cent. Younger and more levered households have a larger MPC out of … housing wealth, suggesting that collateral effects may play a role. The MPC is asymmetric; households adjust their consumption …This paper studies consumption and savings decisions of Danish households before and during the financial crisis as …

As approximately 70 million Baby Boomers make their way into and through retirement, increased attention is being given … to how they approach retirement spending as well as what constitutes a satisfactory lifestyle in retirement. One thing is … in retirement, debt, health status, marital status, and even gender impact retirement needs and outcomes. What are the …

related to changes in needs and purchases in retirement. We find that households where finances are managed by females are … retirement. We show that older, low-income and single-female households cannot afford their needs for household goods and medical …In this paper, we study the changes in needs and purchases post-retirement using a unique survey of elderly Australians …

. Interestingly, households adjust spending similarly for both taxable and tax-exempt goods. We embed an inventory problem into a …