The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of … precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs … private wealth balance sheets. Entrepreneurs, who face high income risk, hold more wealth than employees, but it is shown that …

consumption to a 'surprise' term in permanent income as well as past values of consumption growth. We can interpret this … income growth measuring the excess sensitivity of consumption with respect to income changes and thus the degree of liquidity … for the asymmetry in the income-consumption path for German regions both with respect to the long and short run adjustment …

paper examines if there is a wealth effect of house prices on savings using household-level longitudinal data from the …Housing property is the most important position in a household's wealth portfolio. Even though there is strong evidence … savings in response to unanticipated house price shocks, whereas old households only hardly respond to house price changes. We …

paper examines if there is a wealth effect of house prices on savings using household-level longitudinal data from the …Housing property is the most important position in a household's wealth portfolio. Even though there is strong evidence … savings in response to unanticipated house price shocks, whereas old households only hardly respond to house price changes. We …

theoretically and empirically that higher in ation expectations increase households' consumption. We then design a difference …

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, an average household increases savings by 4:4%. These effects vary by household composition and social status …

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 …

theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving … macroeconomic models. Moreover, using multinominal logit regressions, we find that individuals' consumption responses are …

guidance, both of which aim to stimulate consumption via raising households' inflation expectations. All households' inflation …

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 …. We deepen the discussion on wealth inequality by evaluating the relative importance of savings, portfolio choice and …