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Using representative household surveys conducted in Thailand and Vietnam during the COVID-19 pandemic, we find that the … the savings position plays a crucial role, as the effects are especially pronounced for households that experienced a … decline in savings. This result contradicts a prediction from the life-cycle permanent income model with borrowing constraints …
Persistent link: https://www.econbiz.de/10014485520
the Belgian component of the Household Finance and Consumption Survey. We find that the fraction of hand … observable characteristics and marginal propensities to consume (MPCs) of the three household types We find that Belgian wealthy …
Persistent link: https://www.econbiz.de/10013549717
-income households were slightly more affected than others due to their consumption patterns. The savings rate also depends on employment … or more of their income. On average, every household saved a good 17 percent of their income in 2013. …
Persistent link: https://www.econbiz.de/10011812714
behavior; and the benefits of financial education appear to span a number of areas including retirement planning, savings …
Persistent link: https://www.econbiz.de/10013096795
It is well established that consumption is “hump” shaped over an individual's lifecycle, peaking in middle age and then declining in the years that follow. Prior research has documented that consumption declines at retirement, which is inconsistent with the standard lifecycle model with...
Persistent link: https://www.econbiz.de/10013044705
We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey …
Persistent link: https://www.econbiz.de/10015056164
We examine the relationship between household wealth and self-control. Although self-control has been linked to … standard representative survey. We find that self-control failure is strongly associated with different household net wealth …
Persistent link: https://www.econbiz.de/10010412690
This paper studies consumption and savings decisions of Danish households before and during the financial crisis as … well as in the more recent years characterized by negative policy rates. While all household groups decreased their … during recent years. This indicates that household balance-sheet adjustment is a relatively long process, which has extended …
Persistent link: https://www.econbiz.de/10011696538
This paper studies why investors buy dividend-paying assets and how they time their consumption accordingly. We combine administrative bank data linking customers' consumption transactions and income to detailed portfolio data and survey responses on financial behavior. We find that private...
Persistent link: https://www.econbiz.de/10012223798
to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …
Persistent link: https://www.econbiz.de/10011872933