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

the 1984-1993 Italian Survey of Household Income and Wealth, the estimated average annual rate of wealth decumulation in …In this paper I estimate the age-wealth profile under two different identification assumptions about age, cohort and … time effects. According to the life-cycle model, the two set of assumptions should yield similar age-wealth profiles. Using …

. Using the 1984-1993 Italian Survey of Household Income and Wealth, the estimated average annual rate of wealth decumulation …In this paper I estimate the age-wealth profile under two different identification assumptions about age, cohort and … time effects. According to the life-cycle model, the two sets of assumptions should yield similar age-wealth profiles …

Data from the Italian Survey of Households Income and Wealth (SHIW) are used to study portfolio allocations change in … response to fluctuations in wealth. In particular I test for the prediction of models with habit formation that changes in … liquid wealth will affect households' risk aversion and risky asset investment. After controlling for the decision to enter …