. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that … life cycle consumption behaviour are resolved. Secondly, we stress the importance of the heterogeneity of household …

the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …

central problems in public finance, including the optimal structure of health insurance and optimal life cycle savings. In …

phases that represent the key transitions in the life cycle of a typical household. Our contention is that, given the … policy. Before children arrive, the adult members of the household have high labour supplies and plenty of leisure. The …

changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … exchange rates, as well as community-level variations in wage and pension arrears, to identify exogenous shocks to household … household which experiences an exogenous shock of 10% of its total income changes both its food and total non …

rises sharply with the amount of non collateral based borrowing. The household members jointly choose time paths of time use …