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A number of studies have explored the empirical relevance of the Engel's law by using household budget surveys in … econometric analyses demonstrate that household size and income significantly and positively determine expenditure on food and … some other consumption items, depending on the area of the study. The age of the household is established to have no …
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that measures 'shocks', like shocks to the household's financial situation during the previous year. Results show an upward …
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Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year … trends over time in, Japan's household saving rate via various socioeconomic and policy variables. This seems to suggest that …
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the stock market and make decisions on home-ownership, in an environment with social safety net and the retirement savings …
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cycle. Decreasing discounting helps a canonical life-cycle model to explain the household saving puzzles of undersaving when …
Persistent link: https://www.econbiz.de/10013239561
The life-cycle consumption and permanent income hypotheses predict that if workers face greater likelihood of unemployment in the future that lowers expected future income, they will save more today. In this paper, we test this hypothesis by looking at the expenditure response of workers to the...
Persistent link: https://www.econbiz.de/10013256388