Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2016
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 … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information …