Rising inequality in income, wealth and consumption has received a good deal of public attention in the past years. At … decomposition and estimate life-cycle profiles of inequality in income, consumption an wealth based on two measures of inequality … inheritances for the accumulation of wealth. To do so, we project active and passive savings based on the observed saving and …

The saving ratio of households in Germany has increased in the past few years when the income trend was weak. This … could be due to precautionary saving. In this paper, the importance of precautionary saving against income uncertainty is … also taken into account. When using net financial wealth, precautionary saving is statistically significant and …

uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …

uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …. -- Consumption-savings decision ; interest rate elasticity of savings ; income uncertainty …

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … such as those around retirement should not affect consumption. However, we first recall that given higher leisure … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake …

theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving … find that individuals' consumption responses are significantly related to their economic situation, time preferences …

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … such as those around retirement should not affect consumption. However, we first recall that given higher leisure … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake …

theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving … saving a larger proportion, in response to public debt accumulation. In the case of respondents required to pay social … macroeconomic models. Moreover, using multinominal logit regressions, we find that individuals' consumption responses are …