This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment … not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption …

This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment … not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption …

gains and report greater propensities to consume. A standard optimal consumption choice model, enriched with a rational but …

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 …

We investigate the effect of positional goods (goods for which one's consumption relative to others’ matters) on saving …, based on results from a life-cycle consumption/saving experiment. In a Group treatment, we allow inter-personal comparisons … by assigning subjects to groups and displaying rankings based partly on consumption. A baseline Individual treatment is …

This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment … not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption …