Estimates of household size economies are needed for the analysis of poverty and inequality. This paper shows that … Engel estimates of size economies are large when household expenditures are obtained by respondent recall but small when … errors correlated with household size. As well as demonstrating the fragility of Engel estimates of size economies, these …

Blundell, Pistaferri, and Preston (American Economic Review, 2008, 98(5), 1887-1921) report an estimate of household … consumption insurance with respect to permanent income shocks of 36%. In replicating findings for their model and data, we find … maximum likelihood estimation (QMLE), which produces a significantly higher estimate of consumption insurance at 55%. For sub …

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The … Italian households do not have access to significant insurance beyond self-insurance. …

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The … Italian households do not have access to significant insurance beyond self-insurance. …

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk … significant insurance beyond that implied by self-insurance. …