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

Author

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

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

Suggested Citation

  • Kennickell, Arthur & Fitzpatrick, Trevor & Ehrmann, Michael & Bonci, Riccardo & Museux, Jean-Marc & Honkkila, Juha & Vilmunen, Jouko & Herrala, Risto & Komprej, Irena & Jeran, Matjaž & Geršak, Uroš & , 2009. "Survey data on household finance and consumption: research summary and policy use," Occasional Paper Series 100, European Central Bank.
  • Handle: RePEc:ecb:ecbops:2009100
    Note: 416889
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    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecbocp100.pdf
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    References listed on IDEAS

    as
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    26. Tobias Blattner & Marco Catenaro & Michael Ehrmann & Rolf Strauch & Jarkko Turunen, 2008. "The predictability of monetary policy," Occasional Paper Series 83, European Central Bank.
    27. Cappiello, Lorenzo & Ferrucci, Gianluigi, 2008. "The sustainability of China's exchange rate policy and capital account liberalisation," Occasional Paper Series 82, European Central Bank.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    consumption; household finance; survey data;

    JEL classification:

    • C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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