, the model cannot account for the low level of consumption (or high saving) as a proportion of income observed in the data …. An examination of provincial level consumption data suggests that the absence of channels for intranational consumption … risk sharing may be an important reason why the business-cycle model has trouble accounting for Chinese consumption and …

alternative fiscal policies on current consumption and saving. Studies to date have examined the response of current consumption … consumption smoothing is actually feasible. ESPlanner's saving and life insurance recommendations generate the smoothest possible … consumption/saving of low-income households for the simple reason their income tax liabilities are relatively small. And social …

the welfare loss of capital income taxation relative to the alternatives of taxing consumption and labor income.The second … technology of private investment. Government policies that discourage saving might make the Schumpeterian vision of a shift from … sharp decline in the net national saving rate-from over 8% of GDP in the U.S. in the 1970s to only 4.5% in the 1980s & from …

consumption or investment. In this way, aggregate demand would be maintained by substituting public consumption for private … consumption. A second alternative prescription was to reduce the private saving rate. Early Keynesians like Seymour Harris saw the …Three ways of averting "excess saving" have been emphasized in both theory and practice. The thrust of the Keynesian …

Has leisure increased over the last century? Standard measures of hours worked suggest that it has. In this paper, we … develop a comprehensive measure of non-leisure hours that includes market work, home production, commuting and schooling for …. Finally, leisure per capita is approximately the same now as it was in 1900 …

This paper examines inequality in both leisure and consumption over the past four decades using time use surveys … that it gives us measures of consumption and leisure at the family level within a single data source. We find that leisure … consumption rises. However, the consumption-leisure gradient is small. We find noticeable differences across family types, with …

of an issue. Second, we explore inequality measures within the CE using the value of vehicles owned, a consumption … Study of Income Dynamics to explore the dynamics of alternative measures of consumption inequality. All of our different … methods yield similar results. We find that consumption inequality within the U.S. between 1980 and 2010 has increased by …

reducing consumption; goods and leisure are consumed jointly, suggesting their complementarity in household production; and … people's lifetime demand for leisure. The implied small increase in lifetime income and the slight reduction in consumption …The effects on consumption and retirement of characteristics of the life cycle, especially the length of the horizon …