The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …

Carroll and Kimball (1996) show that the consumption function for an agent with time-separable, isoelastic preferences … always exists a distribution of income risk such that consumption function is not concave in wealth. I also derive suffi … cient conditions guaranteeing that the consumption function is concave if the agent has preferences for late resolution of …

the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to … expectations of future income and consumption growth rates. We investigate whether these expectations suffice to explain the shifts … in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more …

literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or … the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …

estimate a structural model of life-cycle consumption and credit use in which credit cards can be used for payments …

(before making additional payments). By contrast, debt declined most (so saving rose most) for unconstrained consumers. These …

families prefer to buy at an early stage of the cycle all the desired stock of durable goods, in order to smooth consumption of …

consumption (such as GDP, household incomes, household saving rates, household wealth, and employment conditions) in the Group of …In this paper, we present data on recent trends in private consumption and in possible determinants of private … consumption growth rates but also in the determinants of private consumption growth during the 2002-07 period. With respect to …

In this paper, I survey the previous literature on the saving behavior of the aged in Japan and then present some … survey data on the saving behavior of the aged in Japan that became available recently. To summarize the main findings of …

In this paper, I survey the previous literature on the saving behavior of the aged in Japan and then present some … survey data on the saving behavior of the aged in Japan that became available recently. To summarize the main findings of …, increases in consumption expenditures, and increases in taxes and social insurance premiums. These findings are consistent with …