Most of the empirical literature on consumption behaviour over the last decades has focused on estimating Euler … policy relevant issues. Alternatively, many papers have proposed using the consumption function to forecast behaviour. This … paper follows in this tradition, by deriving an analytical consumption function in the presence of intertemporal non …

not clear cut. Contrary to the usual practice of considering the allocation of household income over consumption and …

The objective of the paper is to explore the saving and consumption responses of a representative household to a range …-cycle model. The representative household maximises lifetime utility through its choice of optimal levels of consumption, housing … and saving. A key feature of the approach is modelling the consumption of housing services as a separate good in …

paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We …) the savings of renters that may be considered as would-beowners. We find a significant effect of home equity on the demand … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …

substitu- tion. Implications regarding the shape of the optimal consumption pro?files are discussed. …

, but neither microeconomics nor consumption sociology even discuss it as a motive for consumption. After defining some key … terms, 'efficiency consumption' is introduced theoretically as a means for securing an income (consumer investment). It is … voluntary only for pioneers: Via social diffusion processes innovative consumption goods are transformed from a welcome …

Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent …