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

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

-44 year-old winning; (iii) losses were quite uniform across consumption quantiles because rigid rents served as a hedge for …

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

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 … incorporates household consumption and family labour supply decisions. We derive analytical expressions based on approximations for … the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …

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

Downward Nominal and Real Wage Rigidity: Survey Evidence from European Firms

Babecký, Jan; Du Caju, Philip; Kosma, Theodora; … - 2009

It has been well established that the wages of individual workers react little, especially downwards, to shocks that hit their employer. This paper presents new evidence from a unique survey of firms across Europe on the prevalence of downward wage rigidity in both real and nominal terms. We...

Persistent link: https://www.econbiz.de/10011605151

Using cash to monitor liquidity - implications for payments, currency demand and withdrawal behavior

Von Kalckreuth, Ulf; Schmidt, Tobias; Stix, Helmut - 2011

Standard transaction cost arguments can only partially explain why the share of cash transactions is still high in many countries. This paper shows that consumers’ desire to monitor liquidity is one of the reasons. Consumers make use of a distinctive feature of cash – a glance into one’s...

Persistent link: https://www.econbiz.de/10011605431

Household saving behaviour and credit constraints in the euro area

Porpiglia, Alessandro; Le Blanc, Julia; Teppa, Federica; … - 2015

constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …

Persistent link: https://www.econbiz.de/10011605835

Inflation perceptions and expectations in the euro area: the role of news

Badarinza, Cristian; Buchmann, Marco - 2009

The aim of this study is to assess empirically to what extent the degree of heterogeneity of consumers’ inflation perceptions and expectations is driven by the flow of information related to current and future price developments in the euro area. We conduct the analysis both on an aggregate...

Persistent link: https://www.econbiz.de/10011605134

Choosing and using payment instruments: evidence from German microdata

Von Kalckreuth, Ulf; Schmidt, Tobias; Stix, Helmut - 2009

Germans are still very fond of using cash. Of all direct payment transactions, cash accounts for an astounding 82% in terms of number, and for 58% in terms of value. With a new and unique dataset that combines transaction information with survey data on payment behaviour of German consumers, we...

Persistent link: https://www.econbiz.de/10011605190

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The immigrant/native wealth gap in Germany, Italy and Luxembourg

Mathä, Thomas Y.; Porpiglia, Alessandro; Sierminska, Eva - 2011

This paper analyses the existence of an immigrant/native wealth gap by using household survey data for Luxembourg, Germany and Italy. The results show that, in all three countries, a sizeable wealth gap exists between natives and immigrants. Towards the upper tail of the wealth distribution the...

Persistent link: https://www.econbiz.de/10011605348

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