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 …

literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the … the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …

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 …

that they can allocate to their own choice. Moreover, unless liquidfinancial wealth is too small, each household should … hold the maximum amount to which the tax incentives apply.In this paper, we analyze household data on participation in …

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 …

bottom- and top-ends of the savings distribution (those with the least and most assets) are more likely to buy annuities than … people in the middle of the savings distribution. Also, savings has a large positive effect on preference for annuities only … savings distribution are very likely to run out of money in retirement and thus are inclined to select annuities. People at …

This paper studies the effect of the HIV/AIDS epidemic on saving behaviour. Two important characteristics of HIV result … savings. The latter effect confirms the HIV anticipatory saving hypothesis …

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 …

We examine the household consumption response to fluctuations in income and uncertainty, exploiting a large panel …, both household-specific income uncertainty and local labor market uncertainty depress consumption spending. We also find …