contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk …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 …

This paper compares the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS) for … Malta with those for the euro area. This comparative report finds that in 2020 the median Maltese household held more real … of homeownership in Malta, the median net wealth in Malta was estimated to be significantly higher than in the euro area …

This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for … Malta with those for the euro area. This comparative report finds that in 2016 the median Maltese household held more real … of homeownership in Malta, the median net wealth in Malta was estimated to be significantly higher than in the euro area …

This paper estimates the importance of temptation (Gul and Pesendorfer, 2001) for consumption smoothing and asset … of this model; and second we match liquid and illiquid wealth accumulation using the Method of Simulated Moments. We find … that the utility cost of temptation is one-quarter of the utility benefit of consumption. Further, we show that allowing for …

inequality over the life cycle and of the individual-level degree of consumption insurance against persistent earnings shocks … individual-pre-tax and household-post-tax earnings and across administrative (Social Security Administration) and survey (Panel … Study of Income Dynamics) data. We study the implications of two processes for household, post-tax earnings in a standard …