the implications of this heterogeneity for unemployment insurance. We show theoretically how the optimal benefit can … depend significantly on borrowing constraints, and on other (non-precautionary) savings motives. We report empirical evidence … that (i) a quarter of job losers cannot borrow for current consumption, (ii) this constraint is binding for a much smaller …

In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel … data on households in five countries. Our empirical relsuts indicate that an increase in the duration of unemployment … spells of male household heads is associated with smaller consumption losses in Spanish and Italian households. We discuss …

the implications of this heterogeneity for unemployment insurance. We show theoretically how the optimal benefit can … depend significantly on borrowing constraints, and on other (non-precautionary) savings motives. We report empirical evidence … that (i) a quarter of job losers cannot borrow for current consumption, (ii) this constraint is binding for a much smaller …

We estimate consumption dynamics in the G-7 economies, paying particular attention to the possibility of precautionary … consumption growth. As such, consumption in the G-7 economies is unlikely to be the engine that revives global growth. Differences … in the pace and timing of consumption moderation have implications for the evolution of global imbalances. With the U …

In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with … smaller consumption losses in Spanish and Italian households. We discuss this finding in the light of different market and …

This article examines the potential risks on consumption behavior of lump-sum payments. As a pension, lump-sum payments … could be consumed too fast and generate an increase of poverty rates. We experimentally investigate consumption behavior in … an inter-temporal decision-making setting. Subjects make consumption and saving decisions in an environment with two …

The empirical literature on household savings tends to treat savings simply as the residual of income minus consumption … smoothing consumption is also confirmed by the use of a system of equations in which both portfolio and production decisions are … buffering consumption. As an extension, we have explored the monthly ICRISAT panel data for the period 2009-2012 in the same …

Pakistan. Consumption decisions determine savings decisions. In long term growth literature, differences in long term growth … determinants of savings in Pakistan economy. The results indicate evidence of consumption smoothing and relatively stable Average …Like many other countries, aggregate consumption constitutes a major portion of Gross Domestic Product (GDP) in …

The American savings rate, always low by international standards, has fallen sharply in recent decades. In this essay …, I argue that a large part of the savings shortfall results from pressures to keep pace with community spending standards …, pressures that have been exacerbated by rising income and wealth inequality. The progressive consumption tax is one possible …

In this paper the e ects 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 e ects are rarely controlled for in empirical consumption functions. Our findings suggest that they should. By …