We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive … inside Europe we document substantial differences. Furthermore, average risk aversion is strongly correlated with the share … explainable by household characteristics as well as differences in risk aversion and a remainder. We employ the unexplained part …

We show how to use panel data on household consumption to directly estimate households’ risk preferences. Specifically … preferences are unrelated to wealth or other characteristics. The heterogeneity matters for policy: Although the average household … worse off by several percent of household consumption. …

than households living in Continental Europe. Household characteristics and institutional macroeconomic variables are …We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new …

-quarter of total household wealth in Europe provides further corroboration for this finding. …In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and … findings suggest that the retirement motive and the precautionary motive are the dominant motives for saving in Europe partly …

This report summarises key stylised facts from the first wave of the Eurosystem Household Finance and Consumption … Survey, which provides household-level data collected in a harmonised way in 15 euro area countries for a sample of more than … 62,000 households. The report presents results on household assets and liabilities, income, and indicators of consumption …

We investigate the relationship between social interaction and household finances using data from the British Household … household finances and social interaction, rather than focusing one particular facet of household finances, such as the holding … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …

Normative analyses of household financial decisions typically assume parameters of the household utility function. Some … household analyses appearing in finance and economics journals, examine the parameters assumed for risk aversion, intertemporal … have provided estimates of household parameter values are examined. None of the normative articles cited an independent …

We investigate the relationship between social interaction and household finances using data from the British Household … household finances and social interaction, rather than focusing one particular facet of household finances, such as the holding … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …