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Household Saving and Full Consumpyion Over the Life Cycle.
Apps, Patricia; Rees, Ray - Research School of Economics, College of Business and … - 2001
This paper extends the standard model of the life cycle consumption, saving and labor supply in a number of direction. …
Persistent link: https://www.econbiz.de/10004977259
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Trickle-Down Consumption
Bertrand, Marianne; Morse, Adair - C.E.P.R. Discussion Papers - 2015
-rich households consume a larger share of their current income when exposed to a higher top income and consumption levels. We argue …
Persistent link: https://www.econbiz.de/10011196035
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Borrowing, Saving and Taxation. & Consomption Tax, Compensation and The Distribution of Income.
Quiggin, J.; Harding, A. - Research School of Economics, College of Business and … - 1992
Persistent link: https://www.econbiz.de/10004992969
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Unemployment and Consumption: Are Job Losses Less Painful near the Mediterranean?
Bentolila, Samuel; Ichino, Andrea - C.E.P.R. Discussion Papers - 2000
In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … smaller consumption losses in Spanish and Italian households. We discuss this finding in the light of different market and … that credit and insurance markets are also more developed in the North than in the South, existing theories of consumption …
Persistent link: https://www.econbiz.de/10005791504
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Housing purchases and the dynamics of housing wealth
Bover, Olympia - C.E.P.R. Discussion Papers - 2010
has a negative effect on purchases for investment but a positive one on purchases for consumption. …
Persistent link: https://www.econbiz.de/10008784726
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Alternative Financial Policy Rules in an Open Economy Under Rational and Adaptive Expectations
Blackburn, Keith; Currie, David; Whittaker, R; … - C.E.P.R. Discussion Papers - 1985
The potential instability of a fixed monetary rule combined with automatic fixed stabilisers is a well-established feature of closed economy IS/LM models with wealth effects and asset accumulation. This paper examines the stability issue in a general open economy macromodel with alternative...
Persistent link: https://www.econbiz.de/10005281316
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Robustness of Adaptive Expectations as an Equilibrium Selection Device
Lettau, Martin; Van Zandt, Timothy - C.E.P.R. Discussion Papers - 2001
Dynamic models in which agents' behaviour depends on expectations of future prices or other endogenous variables can have steady states that are stationary equilibria for a wide variety of expectations rules, including rational expectations. When there are multiple steady states, stability is a...
Persistent link: https://www.econbiz.de/10005791468
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A Direct Test of the Buffer Stock Model of Saving
Jappelli, Tullio; Padula, Mario; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2007
Recent models with liquidity constraints and impatience emphasize that consumers use savings to buffer income … it is above target, they increase consumption. This important implication of the buffer stock model of saving has not …
Persistent link: https://www.econbiz.de/10005504459
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Early Retirement Behaviour in the Netherlands - Evidence from a Policy Reform
Euwals, Rob; van Vuuren, Daniel; Wolthoff, Ronald - C.E.P.R. Discussion Papers - 2006
In the early 1990s, the Dutch social partners agreed upon transforming the generous and actuarially unfair PAYG early retirement schemes into less generous and actuarially fair capital funded schemes. The starting dates of the transitional arrangements varied by industry sector. In this study,...
Persistent link: https://www.econbiz.de/10005792155
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A Model of the Consumption Response to Fiscal Stimulus Payments
Kaplan, Greg; Violante, Giovanni L - C.E.P.R. Discussion Papers - 2011
payments (e.g. tax rebates) are spent on non-durable household consumption in the quarter that they are received. We develop a … Finances. A version of the model parametrized to the 2001 tax rebate episode is able to generate consumption responses to …
Persistent link: https://www.econbiz.de/10009293985