contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information …

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 …

-2008. Using data from the Flow of Funds Accounts (FFA) and Urban Household Surveys (UHS) supplemented by the findings from … household sectors. Although the causes of China's high saving are complex, we suggest that the evolving economic, demographic …

consistent with these trends. When households care about their consumption relative to others, individual saving rates decrease …

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

study household savings and expenditure adjustment from an unexpected, large-scale and rapidly evolving political shock that … papers have used microeconomic panel data to analyze how households adjust their consumption after an uncertainty shock. We …Despite macroeconomic evidence pointing to a negative aggregate consumption response due to political uncertainty, few …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence … confidence may drive house prices and aggregate consumption. …

transfer payday, an anticipated and transitory income shock. We find that food consumption and food security do not change …We study how 3,534 beneficiaries of PROSPERA, Mexico's cash transfer program, smooth food consumption around the …-inconsistent and less experienced debit card holders smooth consumption. …

We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized … calibrated model matches important quantitative characteristics of observed wealth and debt portfolios for prime-age consumers in …