Household composition and savings : an overview

Freyland, Felix

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Börsch-Supan, Axel
URN: urn:nbn:de:bsz:180-madoc-26787
Document Type: Working paper
Year of publication: 2004
The title of a journal, publication series: None
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Sonderforschungsbereich 504 > Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung (Laufzeit 1997 - 2008)
Subject: 330 Economics
Subject headings (SWD): Haushalt , Sparverhalten , Einkommen
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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