Using micro-level data, we document a systematic, income-related component in household income forecast errors. We show …

Blundell, Pistaferri, and Preston (American Economic Review, 2008, 98(5), 1887-1921) report an estimate of household …

Standard household economics assumes that couples pool their incomes and share the sum equally, which is a necessary … advancement of this paper is the use of panel data, which enables me to account for unobserved heterogeneity at the household …

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 …

--956) test if risk sharing across households is complete in the sense that household consumption moves one-for-one with aggregate …