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. The …

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 …

The existing literature suggests that when the saving decision of two-earner households under risk is analysed …, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very … stringent conditions hold. This paper shows that when the two-earner household's saving decision is formulated more generally …

consistent with these trends. When households care about their consumption relative to others, individual saving rates decrease … average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in … inequality and a continuous decrease in the aggregate saving rate. We propose an explanation based on interpersonal comparisons …

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 …

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 …

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 …

Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially …

transitory shocks? The implications for consumption and welfaredepend crucially on the answer to this question. We use CEX …