Using survey data from a representative sample of Dutch households, we estimate the strength of the precautionary … saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher …

Using survey data from a representative sample of Dutch households, we estimate the strength of the precautionary … saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher …

Using survey data from a representative sample of Dutch households, we estimate the strength of the precautionary … saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher …

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 … greater financial health of Japanese households is due more to culture or to government policies, institutions, and other non …

increasing housing wealth over one year to be around 4-6 per cent. Younger and more levered households have a larger MPC out of … housing wealth, suggesting that collateral effects may play a role. The MPC is asymmetric; households adjust their consumption …This paper studies consumption and savings decisions of Danish households before and during the financial crisis as …

ameliorate wealth inequalities. …

We quantify the size and tax-responsiveness of financial transfers made to heirs before death. The wealth of singles … to children, while long-term care copayments can explain the remainder. Tax-reducing transfers are made across the wealth …

This letter revisits the question of how wealth shocks influence retirement behaviour, exploiting the dramatic changes … in UK asset prices between 2008 and 2009 as a source of such shocks. We find no evidence that the wealth shocks arising … from this recent financial crisis affected the retirement plans of older workers in England. …

utility to differ between households with and without offspring. Our estimates imply a very strong utility of residual wealth …-quarters of aggregate wealth at age 85. More surprisingly, we estimate similar utility of residual wealth for households with and … without offspring. We interpret this as, prima facie, evidence that the utility of residual wealth represents forces beyond an …

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the … first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced …