lower consumption and GDP growth. Consistent with a model of precautionary savings in the face of uncertainty, we find for a … panel of advanced economies that greater labor income uncertainty is significantly associated with higher household savings … precautionary savings motive …

In this paper we assess the implications of precautionary savings for global imbalances by considering a world economy …

surplus as a proportion of GDP and the ratio of government consumption to GDP—are important determinants of private savings …This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing … for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that …

, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income …

as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage …-constrained households to maintain higher annual consumption growth compared to those non-eligible for the policy. Finally, we find that …

Past studies on the relationship between electricity consumption and temperature have primarily focused on individual … by satellites, night light has a strong linear relationship with electricity consumption and is correlated with both its … extensive and intensive margins. Using night light as a proxy for electricity consumption at the grid level, we find: (1) there …

Using 2011-12 consumption micro-data, we find that nearly one-third of the variation in living standards in India can … be explained by location alone. Consumption levels and locational inequality are positively related. In effect, from an … these findings is the large difference in average consumption levels between rural and urban India and continued divergence …

consumption increased more in economies with higher pre-pandemic e-commerce shares, exacerbating the digital divide across …