Based on the German Socio-economic Panel (SOEP), we show that household consumption drops and saving rises … significantly within four years after a child moves out of a household. Per capita consumption of parents is approximately leveled … calibrated life-cycle models assuming a smoothing of per capita consumption for parents with children in the household …

effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a …

Based on the Italian Survey on Household Income and Wealth (SHIW) and the German Socio-economic Panel (SOEP), we show … that household consumption drops after a child moves out of a household, while at the same time, per capita consumption …

In this paper, I conduct an international comparison of the financial health of households using data on household … wealth and indebtedness for the Group of Seven (G7) countries and show that, even though household borrowings in Japan were … the highest among the G7 countries, at least until 2000, household assets were also high in Japan, as a result of which …

between financial education and the debt behavior of U.S. consumers. In this paper, we study the effects of exposure to …. Our analysis, based on a flexible event-study approach, reveals significant effects of financial education on debt …-related outcomes of youth. On the extensive margin, financial literacy education has a sizable impact on the propensity of youth having …

leapfrogging in the social hierarchy. We test this theoretical prediction relying on household data that is representative for …

This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 …-2010 period, focusing in particular on the impact of the pre-marital sex ratio on the household saving rate. To summarize the main … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged …