function change. Increasing prudence alone will induce higher savings only if, for certain combinations of the interest rate …

In this paper we analyze 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 …

, the transition into DST deteriorates sleep and increases time stress, which in turn affects physical and emotional health …

information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …

indifference curves should designate a reference point at the current level of consumption. Such indifference maps are kinked at … the current level of consumption. The kinks in the curves imply that the utility function is not differentiable everywhere … bring about changes in consumption which may be the reason for the frequent stickiness of prices, wages and interest rates …