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to consume out of financial wealth and raises the effective rate of discount in the aggregate consumption Euler equation …
Persistent link: https://www.econbiz.de/10005047927
consumption model and the Method of Simulated Moments. The model includes stochastic labor income, liquidity constraints, child …-run and long-run discount rates to differ. Data on retirement wealth accumulation, credit card borrowing, and consumption …
Persistent link: https://www.econbiz.de/10005047960
Competition between hopping centres, which may take the form of supermarkets (or hypermarkets), shopping malls or high streets, is emplored in a model in which the consumers' choice of centre is determined by the utility available from visiting different centres, based on the range of products...
Persistent link: https://www.econbiz.de/10005047975
Persistent link: https://www.econbiz.de/10005051074
trends in consumption-based poverty and inequality in nine member countries of the European Union. During the 1980s, both … income-based results are available, these move in the same direction as the consumption-based results. However, this …
Persistent link: https://www.econbiz.de/10005051086
Persistent link: https://www.econbiz.de/10005051120
Persistent link: https://www.econbiz.de/10005051175
to consume out of financial wealth and raises the effective rate of discount in the aggregate consumption Euler equation …
Persistent link: https://www.econbiz.de/10010820293
, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …
Persistent link: https://www.econbiz.de/10009190181
The consumption behaviour of UK, US and Japanese households is examined and compared using a modern Ando …-Modigliani style consumption function.  The models incorporate income growth expectations, income uncertainty, housing collateral and … credit availability for UK and US but not Japanese households has undergone large shifts since 1980.  The average consumption …
Persistent link: https://www.econbiz.de/10008464924