/dissavings (40% and 47% in 2008-2010 and 2010-2012, respectively), and within‐household risk‐sharing (16% and 14%). Interestingly …This paper aims to fill the gaps in the analysis of risk‐sharing channels at the microlevel, both within and across … households. Using data from the Bank of Italy's Survey on Household Income and Wealth covering the financial crisis, we are able …

information is integrated into a standard incomplete markets model, it affects household consumption‐saving decisions too little …

Purpose: The purpose of this paper is to analyze the efficiency loss due to incomplete financial markets when risk is …

Economic policy uncertainty is proven to have an important effect on household consumption. However, the literature on …, is limited. In this paper, we propose two channels through which economic policy uncertainty affects household … consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China …

stock of precautionary saving to self-insure against the (time-varying) risk of falling into unemployment, with the …

a household's earnings or assets, leads to a higher implicit tax on old-age resources, but has desirable distributional …