information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk … do not impose any model structure on the consumption process. This suggests that Italian households do not have access to …

Despite macroeconomic evidence pointing to a negative aggregate consumption response due to political uncertainty, few … papers have used microeconomic panel data to analyze how households adjust their consumption after an uncertainty shock. We …

In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of … gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000 … existing studies, we analyze the sources and causes of China's high and rising saving rates in the government, corporate, and …

We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a … in 1996 as an exogenous increase in the likelihood of marital dissolution. We analyze the saving behaviour over time of …

China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U … households, respectively, to raise their saving rates. These two factors account for over half of the increase in China's urban …

confidence may drive house prices and aggregate consumption …

This paper compares the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS) for …

This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for …

We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic …

assume responsibility for a greater share of their future retirement saving and health and long-term care costs. Financial …