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We examine the household consumption response to fluctuations in income and uncertainty, exploiting a large panel …, both household-specific income uncertainty and local labor market uncertainty depress consumption spending. We also find …
Persistent link: https://www.econbiz.de/10012847991
effectiveness of a consumer financial regulation aiming to reduce household unsecured debt accumulation. A threat of suspending all …
Persistent link: https://www.econbiz.de/10014350728
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. …
Persistent link: https://www.econbiz.de/10015047840
From standard portfolio-choice theory it is well-understood that background risk, overwhelmingly due to wage risk, is …
Persistent link: https://www.econbiz.de/10012623685
.e. ignoring within-household inequality). This assessment of existing approaches to measure individual inequality and poverty is … validates the preference-similarity assumption. The model leads to accurate measures of child and adult poverty, indicating the …
Persistent link: https://www.econbiz.de/10012909646
.e. ignoring within-household inequality). This assessment of existing approaches to measure individual inequality and poverty is … validates the preference-similarity assumption. The model leads to accurate measures of child and adult poverty, indicating the …
Persistent link: https://www.econbiz.de/10012914348
.e. ignoring within-household inequality). This assessment of existing approaches to measure individual inequality and poverty is … validates the preference-similarity assumption. The model leads to accurate measures of child and adult poverty, indicating the …
Persistent link: https://www.econbiz.de/10012915057
Equivalence scales are often used to adjust household income for differences in characteristics that affect needs. For … those implied by the ‘square root of household size’ equivalence scale. Our results have important implications when …
Persistent link: https://www.econbiz.de/10012165604
We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic...
Persistent link: https://www.econbiz.de/10013167646
household resources, though not enough to avoid a very large extent of child poverty compared to what is found in traditional …Poverty measures in developing countries often ignore the distribution of resources within families and the gains from … joint consumption. In this paper, we extend the collective model of household consumption to recover mother's, father's and …
Persistent link: https://www.econbiz.de/10013119290