households. Using data from the Bank of Italy's Survey on Household Income and Wealth covering the financial crisis, we are able … separately. We find that Italian households were able to smooth on average about 85% of shocks to household head's earnings in … both 2008-2010 and 2010-2012 spells. The most important smoothing mechanisms turn out to be self‐insurance through savings …

savings motive theory. Some results in the paper can be used in making both household and national welfare decisions e …In this paper a new consumption function is derived based on savings motive hypothesis (SMH). The major theory behind …

consumption expenditures, income growth, and savings rates in India. Our empirical analysis has several important findings. First …, growth in total household consumption and income is comparable to that of the U.S. However, unlike the U.S., Indian … heterogeneity along with various population sub-groups, but none of them exhibit growth close to U.S. households. Savings rates …