households who are perceived to be richer, on household savings and consumption. When controlling for own income as well as … consumption of up to 23 euros depending on the household's position in the income distribution. Our findings suggest that changing …

. Hence, household consumption is not only determined by habit persistence but also by interpersonal comparisons. Most …

On what and to what extent private households in Germany spend money varies significantly depending on employment …-income households were slightly more affected than others due to their consumption patterns. The savings rate also depends on employment … or more of their income. On average, every household saved a good 17 percent of their income in 2013. …

This paper examines the impact of income growth and income inequality on household saving rates and payoffs in a non …

This paper examines the impact of income growth and income inequality on household saving rates and payoffs in a non …

monthly household data. The habit hypothesis is used to explain empirical regularities in macroeconomics and finance …)). Thus, I use total household consumption data to test the Euler equations of an additive habit formation model. There is …

We study whether the level of household indebtedness is related to the interest rate elasticity of private consumption … even as the household sector's debt-to-income ratio has almost doubled in the past 20 years. Estimates based on the … household-level Finnish Wealth Survey suggest that the share of liquidity-constrained households has declined over the same time …

consumption level of all households who are perceived to be richer, on household savings and consumption. When controlling for own …We demonstrate that interpersonal comparisons lead to keeping up with the Joneses-behavior. Using annual household data …