“Poor and wealthy hand-to-mouth households in Belgium”
Published, Review of Economics of the Household,
November 2023
with
Laurens Cherchye
,
Thomas Demuynck
,
Bram De Rock
,
Geoffrey Minne, Maite De Sola Perea and Frederic
Vermeulen
We identify the population shares of poor hand-to-mouth households, wealthy hand-to-mouth households and non hand-to-mouth households in Belgium. We apply the methodology proposed by Kaplan & Violante (2014) and Kaplan et al., (2014) to the Belgian component of the Household Finance and Consumption Survey. We find that the fraction of hand-to-mouth households in Belgium is substantial and predominantly consists of wealthy hand-to-mouth households. We also compare the observable characteristics and marginal propensities to consume (MPCs) of the three household types. Belgian wealthy hand-to-mouth households have characteristics that resemble those of the non hand-to-mouth households, while their MPCs are often more similar to those of the poor hand-to-mouth households. This pleads for giving a unique place to each type of household when evaluating the effects of fiscal policy
“A Spouse and a House are all we need? Housing Demand, Labor
Supply and Divorce over the Lifecycle” (January 2024)
with
Bram De Rock
and
Tom Potoms
“Personality traits, the marriage market, and household
behavior” (January 2024)
with
Gastón P. Fernández
“Subjective Expectations and Family Decisions”
(January 2024)
I examine fertility and parental labor supply decisions allowing for heterogenous expectations. I developed a new model and incorporated fertility choices into the dynamic collective framework with the biased perception of marital stability. I use this model to understand the career costs of fertility weighing economic benefits together with psychological factors. In particular, I explore if the biased perception of stability impacts fertility, loss of skills during interruptions, and lower accumulation of individual assets. Lastly, I assess the extended implications of policies that promote fertility and maternal labor supply, with a focus on childcare subsidies and paternity leave initiatives.