the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … credit; temporary shocks to the supply of credit generate increases in saving only among younger agents. …

the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … credit; temporary shocks to the supply of credit generate increases in saving only among younger agents. -- credit …

the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … credit; temporary shocks to the supply of credit generate increases in saving only among younger agents. …

This paper estimates the importance of temptation (Gul and Pesendorfer, 2001) for consumption smoothing and asset … find that the utility cost of temptation is one-quarter of the utility benefit of consumption. Further, we show that …

the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … credit; temporary shocks to the supply of credit generate increases in saving only among younger agents. …

This paper estimates the importance of temptation (Gul and Pesendorfer, 2001) for consumption smoothing and asset … that the utility cost of temptation is one-quarter of the utility benefit of consumption. Further, we show that allowing for …

the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … credit; temporary shocks to the supply of credit generate increases in saving only among younger agents. …

We specify a structural life-cycle model of consumption, labour supply and job mobility in an economy with search … induce substantial precautionary saving. Increases in employment risk have large effects on output and, primarily through …

partial equilibrium life-cycle model of consumption and labour supply to analyse the choices individuals make in the light of …

Engel curves. Under the power utility assumption, neither Euler equation estimation nor structural consumption function …