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/saving …

Integrating economic experiments into household surveys provides unique possibilities. We introduce the German Socio …

In this paper we investigate the size of the consumption drop at retirement in Italy. We use micro data on food and … total non-durable household spending covering the period 1993-2004, and evaluate the change in consumption that accompanies … decision. We take a regression discontinuity approach, and make the identifying assumption that consumption would be the same …

consideration of possible time paths for savings, consumption, debt, and other relevant macroeconomic variables; nor have explicit … choosing time paths through the use of a Ramsey-Solow model of optimal saving, adapted for investigating problems of population … envisaged by current policy. The cost of ageing in terms of reduced real consumption is not large enough to justify large …

consumption, particularly for individuals under the threat of furlough, while simultaneously increasing their account balances … the ability of the standard economic model to accurately predict consumption patterns, although this effect was less …

hyperbolic discounting (a behavior that consists of impatience now but projected patience in the future). By incorporating both …