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Both young and old consumers appear to dissave too little for their behaviour to be consistent with a strict life cycle model. We concentrate on young households and document their behaviour drawing from Italian and Japanese data. We also provide a theoretical set-up which can account for the...
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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...
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From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to about one quarter … of disposable income. We use household-level data to explain why households are postponing consumption despite rapid … rates have increased across all demographic groups although the age profile of savings has an unusual pattern in recent …
Persistent link: https://www.econbiz.de/10012751046
the consumption level of all households who are perceived to be richer, on household savings and consumption. When …We demonstrate that interpersonal comparisons lead to "keeping up with the Joneses"-behavior. Using annual household …
Persistent link: https://www.econbiz.de/10010190171
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From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to about one quarter … of disposable income. We use household-level data to explain why households are postponing consumption despite rapid … rates have increased across all demographic groups although the age profile of savings has an unusual pattern in recent …
Persistent link: https://www.econbiz.de/10012464101
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