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Household Composition and Savings: An Overview

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  • Freyland, Felix

    (Sonderforschungsbereich 504)

Abstract

In recent years the literature on household saving behavior has been enriched by a number of contributions focusing on the problem of modeling a household as a single decision unit. It has reasonably been argued that with respect to household consumption and saving behavior the simple approach of modeling households as one representative decider could involve major mistakes. Thus the literature has enriched the basic model by incorporating variables that describe the composition of a household examples being the number and age of children, household member�s life expectancies and the intra-household distribution of income. This paper reviews these developments and empirical results in the latest literature, with a particular focus on intra-household income distributions.

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  • Freyland, Felix, 2004. "Household Composition and Savings: An Overview," Sonderforschungsbereich 504 Publications 04-69, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    • Handle: RePEc:xrs:sfbmaa:04-69
    Note: Financial support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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    File URL: http://www.sfb504.uni-mannheim.de/publications/dp04-69.pdf
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    Cited by:

    1. Hakenes, Hendrik & Peitz, Martin, 2004. "Selling reputation when going out of business," Papers 04-52, Sonderforschungsbreich 504.
    2. Hakenes, Hendrik & Peitz, Martin, 2008. "Umbrella branding and the provision of quality," International Journal of Industrial Organization, Elsevier, vol. 26(2), pages 546-556, March.
    3. Freyland, Felix, 2004. "Household composition and savings : an empirical analysis based on the German SOEP data," Papers 04-70, Sonderforschungsbreich 504.
    4. Felix Freyland, 2005. "Household Composition and Savings: An Empirical Analysis based on the German SOEP Data," MEA discussion paper series 05088, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.

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