In this paper the effects on aggregate consumption of changes in the age distribution of the population are analysed … empirically. Economic theories predict that age influences individuals' saving and consumption behaviour. Despite this, age … structure effects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …

). Allowing for richer earnings dynamics implies a substantially better profit of the evolution of cross-sectional consumption … inequality over the life cycle and of the individual-level degree of consumption insurance against persistent earnings shocks …

negative effects of austerity are about 22% less GDP and total household and government consumption and monthly wages; finally …, the unemployment rate grew 21%. …

The main objective of passive employment policies is to guarantee a certain level of consumption and well-being for … passive employment policies consist of cash transfers for unemployed people. From a cyclical point of view, unemployment … countries) and, in some cases, increase savings, especially in the long term. [...] …

encourage consumption, effecting over 100 million consumers. We use a unique dataset of credit cards transaction to study the …

standard permanent income model with intertemporally separable utility: the sensitivity of consumption to lagged consumer … sentiment and to predictable changes in current income I show that in a habit formation model the sensitivity of consumption … growth to predicted income can be to a large extent reinterpreted as a sluggish response of consumption to news Moreover the …

The standard approach to modelling consumption/saving problems is to assume that the decisionmaker is solving a dynamic … stochastic optimization problem However under realistic descriptions of utility and uncertainty the optimal consumption …