We use scanner data to estimate inflation rates at the household level. Households' inflation rates have an annual … exhibit only slightly negative serial correlation. Almost all variability in a household's inflation rate comes from … variability in household-level prices relative to average prices, not from variability in aggregate inflation …

The goal of this chapter is to study how, and by how much, household income, wealth, and preference heterogeneity …, using data from the Panel Study of Income Dynamics, we document the patterns of household income, consumption and wealth …. Motivated by this evidence, we study several variants of a standard heterogeneous household model with aggregate shocks and an …

Households' insurance against shocks to income and asset values (that is, household risk management) is limited … explains this basic insurance pattern. In a model with limited enforcement, we show that household risk management is … increasing in household net worth and income, incomplete, and precautionary. These results hold in economies with income risk …

This paper reviews the literature on international comparative household finance. The paper presents summary statistics … on household balance sheets for 13 developed countries, and uses these statistics to discuss common features and …

weaker and labor informality is prevalent. In such environments, household saving decisions are intertwined with firms …