The collective approach to household behavior relaxes the restrictive features of the unitary model by specifying … household welfare as a weighted combination of the individuals' utilities. But the weights are assumed fixed or exogenous to the … determined and simultaneously estimated with the household outcomes. The authors present Nepalese evidence that suggests that a …

This empirical research analyzes the determinants of Colombian household revenues and expenditures. Using a life cycle … model with data from the national household survey 1994-1995, the paper shows how the behavior of household income is mainly … determined principally by income and secondly by the social characteristics of the household and by the expenditure of other …

We investigate the trends of inequalities and mobility of income, expenditure and stock of durables between 1993 and … 1998 in Hungary. In 1996-8 the stagnating level of inequalities is coupled with relatively low and decreasing mobility. The … relationship between inequalities and mobility fastens the relative positions of households, increasing the share of households …

; precautionary saving ; consumption smoothing ; household portfolios ; portfolio allocation ; optimal unemployment insurance …Using administrative panel data from Norway, we investigate the development of household labor income, financial wealth … precautionary saving and a shift toward safer assets in the years leading up to unemployment, and depletion of savings during …

determinants of household saving decisions. Moreover, households implement alternative strategies to smooth their income streams …I analyse the Household Budget Surveys prepared by the Turkish Statistical Institute (TURKSTAT) to reveal the empirical … importance of precautionary saving in Turkey. The most difficult aspect of the empirical analysis is the approximation of labour …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …

We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … significant and economically important determinants of household saving preferences and credit constraints. … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new …

households. Using data from the Bank of Italy's Survey on Household Income and Wealth covering the financial crisis, we are able … separately. We find that Italian households were able to smooth on average about 85% of shocks to household head's earnings in …/dissavings (40% and 47% in 2008-2010 and 2010-2012, respectively), and within‐household risk‐sharing (16% and 14%). Interestingly …