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Consumption inequality and family labor supply

Blundell, Richard; Pistaferri, Luigi; Saporta-Eksten, Itay - 2014

In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that …

Persistent link: https://www.econbiz.de/10011605701

Trade, productivity improvements and welfare: an endogenous market structure framework

Montinari, Letizia - 2013

In this paper, I investigate the welfare effects that developed countries experience after productivity improvements …, higher average productivity and higher welfare. Productivity improvements in the emerging country generate selection and … raise welfare everywhere, with both the selection effect and the positive welfare effect being stronger in the emerging …

Persistent link: https://www.econbiz.de/10011605669

Wealth shocks, credit-supply shocks, and asset allocation: evidence from household and firm portfolios

Kick, Thomas; Onali, Enrico; Ruprecht, Benedikt; … - 2014

We use a unique dataset with bank clients’ security holdings for all German banks to examine how macroeconomic shocks affect asset allocation preferences of households and non-financial firms. Our analysis focuses on two alternative mechanisms which can influence portfolio choice: wealth...

Persistent link: https://www.econbiz.de/10011605707

Wealth Shocks, Credit-Supply Shocks, and Asset Allocation : Evidence from Household and Firm Portfolios

Kick, Thomas K. - 2014

We use a unique dataset with bank clients' security holdings for all German banks to examine how macroeconomic shocks affect asset allocation preferences of households and non-financial firms. Our analysis focuses on two alternative mechanisms which can influence portfolio choice: wealth shocks,...

Persistent link: https://www.econbiz.de/10013057161

Inflation heterogeneity across households

Kiss, Regina; Strasser, Georg - 2024

behaviour-driven and largely detached from the relative price. The dispersion of the household-level elasticity of substitution …

Persistent link: https://www.econbiz.de/10014543685

Who bears the costs of inflation? Euro area households and the 2021-2022 shock

Pallotti, Filippo; Paz Pardo, Gonzalo; Slacalek, Jirka; … - 2023

We measure the heterogeneous welfare effects of the recent inflation surge across households in the Euro Area. A simple … framework illustrating the numerous channels of the transmission mechanism of surprise inflation to household welfare guides our … empirical exercise. By combining micro data and aggregate time series, we conclude that: (i) country-level average welfare costs …

Persistent link: https://www.econbiz.de/10014543620

The great Irish (de)leveraging 2005-14

Lydon, Reamonn; McIndoe-Calder, Tara - 2017

Drawing on the 2013 Household Finance and Consumption Survey (HFCS) and complementary administrative data sources, we simulate household balance sheets at the micro level for the 2005-14 period. We use this dataset to tell the story of household leveraging and deleveraging over a tumultuous...

Persistent link: https://www.econbiz.de/10011804377

Risky assets in Europe and the US: Risk vulnerability, risk aversion and economic environment

Bekhtiar, Karim; Fessler, Pirmin; Lindner, Peter - 2019

We use cross-country microdata to analyse the risk taking of households in Europe and the US. Concerning the extensive as well as the intensive margin of risky assets, European households differ substantially from US households; but also inside Europe we document substantial differences....

Persistent link: https://www.econbiz.de/10012142114

Buffer-stock saving in a Krusell-Smith world

Carroll, Christopher D.; Slacalek, Jiri; Tokuoka, Kiichi - 2014

A large body of microeconomic evidence supports Friedman (1957)'s proposition that household income can be reasonably well described as having both transitory and permanent components. We show how to modify the widely-used macroeconomic model of Krusell and Smith (1998) to accommodate such a...

Persistent link: https://www.econbiz.de/10011605678

The Distribution of wealth and the MPC: implications of new European data

Carroll, Christopher D.; Slacalek, Jiri; Tokuoka, Kiichi - 2014

ranges between 0.1 and 0.4 and is stronger (i) in economies with large wealth inequality, where a larger proportion of …

Persistent link: https://www.econbiz.de/10011605693