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 …

We use direct evidence on credit constraints to study their importance for household consumption growth and for welfare …. We distentangle the direct effect on consumption growth of a currently binding credit constraints from the indirect … effect of a potentially binding credit constraint which generates consumption risk. Our data is focused on job losers. We …

lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …

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 …

measures as well as consumption based measures are gaining increasing currency in scientific analysis of economic well …-being. Our findings suggest that a consumption-based measure gives very different answers about relative economic standing across … measuring the relationship between income and consumption across groups and time, we are able to evaluate how differences in …

stochastic simulation of consumption choices in a nonstationarity environment is used to show the robustness of the method for …

, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …