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 …

fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities. This asymmetry … expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …

, 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 …

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 … survival-state contingent lifetime consumption path for the household without putting it into debt. Such consumption smoothing …

responsive to unemployment when using regional variation. Low percentiles of both income and consumption are sensitive to … from the Current Population Survey and consumption data from the Consumer Expenditure Survey. This new evidence on the … poverty, examining alternative income poverty and consumption poverty, which have conceptual and empirical advantages as …

adjustment costs can cause a mean-preserving increase in unemployment risk to lead to increased consumption. The predictions of …We show that incorporating consumption commitments into a standard model of precautionary saving can complicate the … usual relationship between risk and consumption. In particular, we present a model where the presence of plausible …

Standard consumption models assume a notional consumption flow that does not distinguish between nondurable and durable … consumption. Such notional-consumption models generate notional marginal propensities to consume (MPC). By contrast, empirical … durable stock. We compare the notional-consumption model to an isomorphic model with a durable stock, and map notional MPCs …