Intra-household heterogeneity can quantitatively affect the predictions of life-cycle portfolio choice models … treating double-income households as one unit. Intra-household heterogeneity in preference parameters like risk aversion and …

We develop a structural econometric model to elicit household-specific expectations about future financial asset …. Our framework assumes that household portfolios are subject to short-selling constraints in stocks and bonds, and that …

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 … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …

effect of children and a structural estimation strategy when households face constraints. Finally, I estimate the effect of … register data. Results suggest that children does not affect household consumption in the same magnitude previously assumed …