The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …

the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to … expectations of future income and consumption growth rates. We investigate whether these expectations suffice to explain the shifts … in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more …

literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …

estimate a structural model of life-cycle consumption and credit use in which credit cards can be used for payments …

(before making additional payments). By contrast, debt declined most (so saving rose most) for unconstrained consumers. These …

economies during times of crisis. We find some limited evidence in its favour: if public consumption is reduced in response to a … fiscal crisis (as defined by a high level of debt), private consumption does seem to increase. However the size of the effect … is smaller than that typically found in similar studies. Furthermore, the increase in private consumption is not usually …

, whereas debt declined most (so saving rose most) for unconstrained consumers. More generally, the results suggest that there …

families prefer to buy at an early stage of the cycle all the desired stock of durable goods, in order to smooth consumption of …

stagnation of household consumption during the 1990s and find that the stagnation of household disposable income, the decline in …

consumption (such as GDP, household incomes, household saving rates, household wealth, and employment conditions) in the Group of …In this paper, we present data on recent trends in private consumption and in possible determinants of private … consumption growth rates but also in the determinants of private consumption growth during the 2002-07 period. With respect to …