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 utilizes a unique micro data set on consumer durables to study the effect of consumption tax reforms on the … time path of consumption. The dataset reports the monthly sales of individual products and their consumer prices in 22 … European countries, which enacted numerous consumption tax reforms in recent years. We implement a reduced form specification …

Using VAR analysis on US data, we show that unanticipated fiscal expansions boost private consumption and business … crowding-in of both consumption and entry can be generated only under very specific assumptions. In a static model with full … such that future profits are high enough to generate entry. However, consumption falls for conventional parameter values …

differences between countries in Europe according to how their companies tackled the challenges of IT security. Clustering is …

consumption. In contrast to the earlier literature, but consistent with the data, I do not find a strong positive relationship …

is compared with hyperbolic discounting within a standard life-cycle setting of consumption and savings. We show …

This paper studies the structure and dynamics of consumption and consumption growth inequality. The theoretical … framework is a heterogeneous agent model with stochastic labor endowments, where the group mean consumption serves as … consumption externality. The main finding is that households' preferences affect the within-group inequality through asset holding …

We use a realistically calibrated life cycle model of consumption and portfolio choice to study the effects of social …