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 …

included in the scenarios of possible changes of the household's situation in the future. These scenarios cover all permissible …

, and total net worth) on consumption. The study uses longitudinal household-level data -- from the Panel Study of Income … wealth are closely linked to household characteristics, including income and demographic factors. Finally, underlying … structural changes in household characteristics point to potentially lower aggregate MPCs from wealth going forward …

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 … most important saving motive of European households when the proportion of households saving for each motive is used as the …

household net worth coming from elevated household debt and the collapse in house prices play an underappreciated role. Using … highlight the increasing body of macroeconomic evidence on the link between household debt and business cycles. Our main … conclusion is that housing and household debt should play a larger role in models exploring the importance of household …

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

consumption of up to 23 euros depending on the household's position in the income distribution. Our findings suggest that changing … households who are perceived to be richer, on household savings and consumption. When controlling for own income as well as …

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 …

Using credit report records and data collected from several household surveys, we analyze changes in household debt and … saving during the 2007 recession. We find that, while different segments of the population were affected in distinct ways … to their deteriorated financial situations, households reduced their average spending and increased their saving. This …

populations into the financial mainstream. We use data from the 2013 Chinese Household Finance Survey (CHFS) to investigate the …