wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …

wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …

I examine the impact of happiness on consumption and savings behavior using data from the DNB Household Survey from the …

consumption-saving behavior. We construct a novel consumption-saving model where the household must infer the persistent component … marginal propensity to consume because the short run covariance between income growth and consumption growth increases when … can be identified from panel data on income and consumption. Finally, we estimate a high degree of knowledge in the Panel …

This paper studies consumption and savings decisions of Danish households before and during the financial crisis as … consumption ratios immediately in response to the financial crisis, net savers have increased their consumption ratios to pre … housing wealth, suggesting that collateral effects may play a role. The MPC is asymmetric; households adjust their consumption …

of in cash can play a major role in encouraging savings. When paid on the account, the money is saved by default, while … - as long as payments are done in cash - the money is ready to be spent. We test our hypothesis in rural India, with … in other assets, but increase their expenditures on regular consumption items. We exclude two alternative mechanisms that …

perceived consumption needs. We provide a novel method for obtaining identification in social interactions models like ours … household‐level consumer expenditure survey microdata from India. We find that each additional rupee spent by one's peers … inequality‐neutral social welfare, by reducing peer consumption externalities. We show welfare gains of billions of dollars per …

behavior. In rural India, we study the effect on savings of allocating identical weekly payments on a bank account (treated) or …. Based on a novel randomized control trial, we document that the payment method is an important determinant of savings … in cash (control). The treatment impact is huge: savings increase by 110% within three months, and the effect is long …