households. Using data from the Bank of Italy's Survey on Household Income and Wealth covering the financial crisis, we are able … both 2008-2010 and 2010-2012 spells. The most important smoothing mechanisms turn out to be self‐insurance through savings … separately. We find that Italian households were able to smooth on average about 85% of shocks to household head's earnings in …

to a significant overestimation of consumption insurance and even more so at the bottom of the wealth distribution. … consumption insurance. Based on insights from a theoretical model, we propose a new test to detect advance information, which … requires only panel data on consumption and income. Using the Panel Study of Income Dynamics, we find-in contrast to the …

Exploring dynamics of household final consumption is an important concern for policy-makers. Turkey had witnessed … and therefore, other macroeconomic variables. In this paper, we examine the linkage between household final consumption … positively, interest rate and equity market wealth are negatively associated with consumption. Variance decomposition and impulse …

with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but … only above the median of the wealth distribution, with housing as the main driver. Immigrant status reduces the likelihood … worsened the condition of immigrants in terms of wealth holdings, home ownership, and financial fragility. …

with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but … only above the median of the wealth distribution, with housing as the main driver. Immigrant status reduces the likelihood … worsened the condition of immigrants in terms of wealth holdings, home ownership, and financial fragility. …

We study whether the level of household indebtedness is related to the interest rate elasticity of private consumption … household-level Finnish Wealth Survey suggest that the share of liquidity-constrained households has declined over the same time …. Looking at Finnish aggregate data, we find no robust evidence of increased interest rate elasticity of private consumption …

This paper measures how households smooth changes in consumption when incomes are shifted by permanent or transitory … shocks at country and regional level. I compute insurance capacity using the Spanish Continuous Family Expenditure Survey … skipping the imputation methods used by the previous literature to mitigate the significant lack of income and consumption …

permanent shock to income, thus providing a powerful test of the theory. The empirical analysis is performed on a sample of … Italian households drawn from the 1989-1991 Survey of Household Income and Wealth …According to the permanent income hypothesis with quadratic preferences, savings should react only to transitory income …

shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then …This paper suggests a method for estimating the distribution of discount rates using panel data on income and wealth … general panel date on total consumption from the intertemporal budget constraint. The distribution of consumption levels is …

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that … retired elderly in Italy are continuing to accumulate wealth and that more than 80 percent are doing positive amounts of …