This paper presents a novel estimate of the Indian household balance sheet (HBS) starting from 1970/71 to 2017/18 and … studies the evolution of Indian household finance in an international context. Comparative analysis suggests that the Global … Wealth Databook (an annual publication of Credit Suisse Research Institute), has been significantly underestimating both the …

households. Using data from the Bank of Italy's Survey on Household Income and Wealth covering the financial crisis, we are able … both 2008-2010 and 2010-2012 spells. The most important smoothing mechanisms turn out to be self‐insurance through savings … separately. We find that Italian households were able to smooth on average about 85% of shocks to household head's earnings in …

Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data … on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure …

to the winner, (2) residing in single-household dwellings, (3) with a longer tenure, and (4) with a household structure …

Through certainty equivalent consumption (CE) measures, we show that dispersion of current earnings, expenditures, and … human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh …

Economic policy uncertainty is proven to have an important effect on household consumption. However, the literature on … consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China … in economic policy uncertainty can significantly reduce household consumption through both channels. Further, the …

consumption‐savings model with borrowing constraints and income risk that formalizes the notion of memorable goods and … household‐level consumption fluctuations induced by income shocks fall from 20.4 to 12.3 percentage points if memorable goods …We propose a new category of consumption goods, memorable goods, that generate a utility flow even after physical …

The wealth possessed by households, identifiable as so-called net worth, varies greatly in quantity and form between … different socioeconomic contexts. We describe several forms of wealth typically owned by consumer households, considering their … economic and social effects. We analyze the economic role of the wealth forms that compose the households’ net worth (real and …

Republic of Türkiye - Household Finance and Consumption Survey. The empirical analysis concentrates on the motives behind … subdued as household income increases, since at that point real estate wealth becomes dominant. Finally, we discover that … raise household savings and to deepen financial markets in Türkiye. …

The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional … income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality … of wealth inequality. The paper thereby provides a possible explanation for the instability of demand regimes over time. …