,000 households in Germany. We show that the concentration of savings in Germany is substantial, as in 2013 the top income decile …

in consumption after 2008. First, households may have optimally adjusted to lower wealth by reducing their demand for …

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

This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …

This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … Survey. Unlike previous studies, we find a negative effect of households' indebtedness on their consumption, even in the …-to-day sustainability of the debt, rather than its overall sustainability, that leads households to reduce their consumption. To explore …

This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …

signficantly faster pace for older households, when compared with younger age groups. In contrast, we find t hat a higher …