Showing 1 - 10 of 34
We discuss the current state of stock ownership among households in major European countries (France, Germany, Italy, the Netherlands, Sweden and the UK), drawing parallels and contrasts with the US experience. We use detailed microeconomic datasets and explore the extent to which observed...
Persistent link: https://www.econbiz.de/10005656278
We provide a detailed account of the portfolio of Italian households and its evolution, using repeated cross-sectional and panel data drawn from the 1989-95 Bank of Italy Survey of Household Income and Wealth. We offer an in-depth description of the lifetime pattern of asset holdings and their...
Persistent link: https://www.econbiz.de/10005792420
The extent to which consumers are aware of available financial assets depends on the incentives of asset suppliers to spread information about the instruments they issue. We propose a theoretical framework in which the amount of information disseminated and the probability of individuals...
Persistent link: https://www.econbiz.de/10005124162
-sectional Italian data. We evaluate the difference between desired and observed consumption using a technique proposed by Hayashi. We …
Persistent link: https://www.econbiz.de/10005281355
We estimate Euler equations for a number of countries and find that the excess sensitivity of consumption to current …
Persistent link: https://www.econbiz.de/10005789072
The theory of intertemporal consumption choice makes sharp predictions about the evolution of the entire distribution … of household consumption, not just about its conditional mean. In a first step, we study the empirical transition matrix … of consumption using a panel drawn from the Bank of Italy Survey of Household Income and Wealth. In a second step, we …
Persistent link: https://www.econbiz.de/10005051451
Data from the 2009 Internet Survey of the Health and Retirement Study show that many U.S. households experienced large capital losses in housing and financial wealth, and that 5% of respondents lost their job during the Great Recession. As a consequence of these shocks, many households reduced...
Persistent link: https://www.econbiz.de/10011605807
estimates the impact of the Covid-19 crisis on consumption. The panel provides, each month, household-specific indicators of the … concern causes a significant reduction in nondurable consumption. The paper also explores the potential impact on consumption … of government interventions and of another wave of Covid-19, using household-level consumption adjustments to scenarios …
Persistent link: https://www.econbiz.de/10012422169
We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …
Persistent link: https://www.econbiz.de/10010420293
lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …
Persistent link: https://www.econbiz.de/10011282352