Survey data on household finance and consumption: research summary and policy use

Arthur Kennickell, Trevor Fitzpatrick, Michael Ehrmann, Riccardo Bonci, Jean-Marc Museux, Juha Honkkila, Jouko Vilmunen, Risto Herrala (ristoherrala@icloud.com), Irena Komprej, Matjaž Jeran, Uroš Geršak, Matej Brelih, Luísa Farinha, Martin Schürz, Magnus Forsells, Ramón Gómez-Salvador, Michael Haliassos, Luigi Guiso, Martin Zeleny, Bernhard Winkler, Caroline Willeke, Philip Vermeulen, Jiri Slacalek, Frauke Skudelny, Patrick Sandars, Carlos Sánchez Muñoz, Sebastien Perez-Duarte, David Lodge, Elke Hahn, Pirmin Fessler, Christian Beer, Olympia Bover (olympia.bover@gmail.com), Cristina Barceló, Panagiota Tzamourani, Theo Mitrakos, Calliope Akantziliotou, Aisling Menton, Martina Lawless, Mary Keeney, Markus Grabka, Tobias Schmidt, Ulf von Kalckreuth, Pierrick Stinglhamber, Ernesto Villanueva, Frédérique Savignac, Maarten van Rooij, Federica Teppa, Corry van Renselaar, Henriëtte M. Prast, Christopher Pace, Karen Caruana, Thomas Mathä, Stephan Haroutunian, Eliana Viviano, Stefano Iezzi, Ivan Faiella, Cédric Houdré, Patrick Sevestre and Isabelle de Greef

No 100, Occasional Paper Series from European Central Bank

Abstract: The first part of this paper provides a brief survey of the recent literature that employs survey data on household finance and consumption. Given the breadth of the topic, it focuses on issues that are particularly relevant for policy, namely: i) wealth effects on consumption, ii) housing prices and household indebtedness, iii) retirement income, consumption and pension reforms, iv) access to credit and credit constraints, v) financial innovation, consumption smoothing and portfolio selection and vi) wealth inequality. The second part uses concrete examples to summarise how results from such surveys feed into policy-making within the central banks that already conduct such surveys. JEL Classification: C42, D12, D14

Keywords: consumption; household finance; survey data (search for similar items in EconPapers)
Date: 2009-01
Note: 416889
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbops:2009100

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