This paper explores risk aversion among Australian households using panel data from the Household Income and Labour … Dynamics in Australia (HILDA) survey. Using households' share of risky assets, we test whether relative risk aversion is … degree of risk aversion for the typical Australian household, with values ranging from 1.2 to 1.4. These findings can provide …

hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the … literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or …

-making processes across households (the "why"). The combination of the quantitative estimation of household response dynamics with a … qualitative exploration of the mental models employed during financial decisions provides a more complete view of household … showing significant variability. However, MPDs play a critical role in household financial adjustments and display …

We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey …

In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and …-quarter of total household wealth in Europe provides further corroboration for this finding. …

analytical results indicate the following implications. For each household, there are two channels through which the risky share …

the true risk sharing degree if, in reality, preferences correlate with variations of household income. We use household …, which ignores this correlation, shows about 30% of household income shocks pass through to household consumption. However … Household Survey data to provide empirical evidence of the effect of reforms on household risk sharing …

We show how to use panel data on household consumption to directly estimate households’ risk preferences. Specifically … preferences are unrelated to wealth or other characteristics. The heterogeneity matters for policy: Although the average household … worse off by several percent of household consumption. …