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 …

transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable lifecycle … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

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 …

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 …

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

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 …

confidence may drive house prices and aggregate consumption. …