alternative approach is to use the accounting identity that total household spending is equal to income plus capital gains minus … on income and wealth to other administrative data with information on financial and real estate transactions. Using this … second is a study of the transmission of income shocks to household consumption. …

The aim of this paper is to analyse precautionary saving associated with income risk over the last two decades in Spain … uncertainty for Spanish households. I use a rotating panel, the Spanish family expenditure survey, to model income dynamics and … income: idiosyncratic, (year-of-birth) cohort-specific and aggregate. I compute the conditional variance of these shocks, so …

impact on consumption smoothing, by reducing the sensitivity of idiosyncratic consumption to idiosyncratic income, both in … of the positive impact of social capital on insurance opportunities are derived from an income smoothing exercise, as …

We study whether households can distinguish persistent from transitory income shocks, and the implications for … of its income process from actual income realizations together with an additional noisy private signal. We first show … persistent and transitory income shocks. A large transitory transmission parameter can e.g. be estimated despite of a low …

In the context of income dynamics, we investigate whether aspects of agents' superior information relative to the … econometrician cannot observe idiosyncratic shocks to both permanent and transitory components of income. In this case perceptions of … households. We find evidence of superior information consistent with standard income modelling. -- subjective expectation reports …

We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the … importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income …

While recently more and more research has focused on the aggregate response of consumption to income shocks, little is … known about how this response differs for households at different ends of the income distribution. This paper investigates … how consumption reacts to transitory and permanent shocks to disposable income for households with an income above or …

separation on measures reflecting the adequacy of food consumption in addition to more commonly studied income and expenditure … measures. Using panel data from France, I examine changes in disposable income, food expenditure and food quantities purchased …

While recently more and more research has focused on the aggregate response of consumption to income shocks, little is … known about how this response differs for households at different ends of the income distribution. This paper investigates … how consumption reacts to transitory and permanent shocks to disposable income for households with an income above or …

transfer payday, an anticipated and transitory income shock. We find that food consumption and food security do not change … higher than median transfer dependence. Conversely, health and employment shocks (unexpected and less transitory income …