investments, reduced unemployment and increased labor migration. In the paper the system dynamics model, which describes …

In this paper we analyse the consequences of changes in the consumption patterns on unemployment through an … multiequational model, in which we estimate a consumption function, an investment function and an unemployment rate equation, using a … and persistent shocks to consumption have long lasting effects on unemployment, both directly and indirectly, through …

This paper uses a unique survey questionnaire to assess the impact of the 2002 French tax cut on consumption. I find … constraints on consumption in that context. …

This article investigates how wealth and capital gains affected household consumption in the USA in the period 1989 …-2004. The empirical evidence brought so far by a large literature that investigates the role of wealth shocks on consumption is … between durables and non durables consumption, and we also investigate the roles of the different components of household …

bias when these models are used to make predictions for aggregate consumption. In both a theoretical and a quantitative … exercise, we find that economies of scale in consumption inside the household are positively related to the bias introduced by … the single agent approach in predicted consumption profiles over the life-cycle. We also do an external validation …

This article investigates how wealth affected household consumption in the USA in the period 1989-2007. Previous … several types of wealth on consumption. Our estimates indicate that there is a significant tangible wealth effect, while … financial wealth seems to affect consumption mainly for the richer part of the population. Both effects are larger during …