Survey Data on Household Finance and Consumption: Research Summary and Policy Use

41 Pages Posted: 23 Jan 2009

Date Written: January 9, 2009

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.

Keywords: Household finance, consumption, survey data

JEL Classification: C42, D12, D14

Suggested Citation

and Consumption Network, Eurosystem Household Finance, Survey Data on Household Finance and Consumption: Research Summary and Policy Use (January 9, 2009). ECB Occasional Paper No. 100, Available at SSRN: https://ssrn.com/abstract=1144504

Eurosystem Household Finance And Consumption Network (Contact Author)

European Central Bank (ECB)

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

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