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

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 …

, 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 …

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

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 …

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 …

frequency variation in technology. News shocks are positively correlated with consumption, stock price, and consumer confidence …

have a quantitatively important effect on real variables like output, consumption, investment, and hours worked. To … triggers a fall in output, consumption, investment, and hours worked, and a notable change in the current account of the …

different income and consumption measures of poverty, and consider explanations for the differences in trends. We document sharp … differences, particularly in recent years, between different income poverty measures, and between income and consumption poverty … and transfers has a substantial effect on poverty rate changes over the past two decades. Furthermore, consumption poverty …

fundamental value of the house they own exceeds the present discounted value of their planned future consumption of housing … is no pure wealth effect on consumption from a change in house prices if this represents a change in fundamental value …. There is a pure wealth effect on consumption from a change in house prices if this reflects a change in the speculative …