). 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 …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …

This paper investigates the relationship between income satisfaction of adult children and their relative economic … children appear to compare their actual economic status with that of their parents, deriving large satisfaction gains from an …

This paper studies the evolution of life satisfaction over the life course in Germany. It clarifies the causal … and time effects. The empirical part analyzes the distribution of life satisfaction over the life course at the aggregated …, subgroup and individual level. To the findings: On average, life satisfaction is mildly decreasing up to age fifty …

an impact on regional economic development or the life satisfaction of the local population. Concerning the economic …

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 …

recent substantial rise (2008-2011) can be interpreted using a parsimonious 'buffer stock' model of consumption in the …

We evaluate retirement savings adequacy using a large panel of U.S. workers with a 401(k) account. We model medical …

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …