fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities. This asymmetry … reminders may increase saving, and that reminders will be more effective when they increase the salience of a specific …

movements in saving, spending, and debt in 2008. Because the rebate was large and distributed over a short period, it had a non …

We investigate optimal consumption, asset accumulation and portfolio decisions in a realistically calibrated life …

alternative fiscal policies on current consumption and saving. Studies to date have examined the response of current consumption … consumption smoothing is actually feasible. ESPlanner's saving and life insurance recommendations generate the smoothest possible … consumption/saving of low-income households for the simple reason their income tax liabilities are relatively small. And social …

The effects on consumption and retirement of characteristics of the life cycle, especially the length of the horizon …-cycle effects on consumption and retirement are estimated jointly for 1973 and 1975. There is a weak small effect of a more distant … reducing consumption; goods and leisure are consumed jointly, suggesting their complementarity in household production; and …

, the model cannot account for the low level of consumption (or high saving) as a proportion of income observed in the data …. An examination of provincial level consumption data suggests that the absence of channels for intranational consumption … risk sharing may be an important reason why the business-cycle model has trouble accounting for Chinese consumption and …

A basic prediction of effcient risk-sharing is that relative consumption growth rates across countries or regions … sharing: episodes of high relative regional consumption growth are associated with regional real exchange rate depreciation …. Across countries however, the association is reversed: relative consumption and real exchange rates are negatively correlated …

This paper studies consumption and labor supply in a model where agents have partial insurance and face risk and … consumption are solved for analytically. We prove that all parameters of the structural model are identified given panel data on … wages and hours, and cross-sectional data on consumption. The model is estimated on US data. Second moments involving hours …

We explore the quantitative implications of uncertainty about the length of life and a lack of annuity markets for life … cycle consumption in a general equilibrium overlapping generations model in which markets are otherwise complete. Empirical … studies find that consumption tends to rise early in life, peak around age 45-55, and to decline after that. Our calibrated …

forecasting regressions of consumption growth and returns by the price-dividend ratio and risk free rate, the model implies much … series moments of consumption and dividend growth. The results suggest that either some important state variable is missing …