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 …

by household optimization also arise in an economy with a rational planner who uses tools such as default savings and … highlight the distinction between planner optimization and household optimization. We show that planner optimization is a … substitute for household optimization and that this is true even when there are information asymmetries, so that households know …

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 …

. We propose a novel consumption-savings model in which a consumer has a well-defined preference ordering over both … changes. We find that (i) the welfare cost of household-level consumption fluctuations may be overstated by 1.7 percentage …

The OECD's dataset on distributional information on household income, consumption and saving presents experimental … information on household income, consumption, and saving (EG DNA), which defined an internationally comparable methodology to …