This study aims to assess the extent to which the economic integration process of the EU and the Eurozone, expressed by the convergence of GDP per capita, is reflected in the convergence of economic well-being of households, revealed by income and consumption, during the last 20 years...

We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new harmonized data set collecting detailed information on...

In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives differs greatly depending on what criterion is used to...