, with plausible preference parameters, the precautionary saving implied by their refined measure of income uncertainty can …

relatively stable over time. Further, we found that people’s adjustment in their spending behavior can be predicted by the … spontaneously adjust spending for items closer in representation than further. We examine this spontaneous adjustment behavior using …

consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China … precautionary saving channel is more important in the urban household sample, while the investment-employment channel is more …

In this paper a new consumption function is derived based on savings motive hypothesis (SMH). The major theory behind … savings motive theory. Some results in the paper can be used in making both household and national welfare decisions e …

consumption expenditures, income growth, and savings rates in India. Our empirical analysis has several important findings. First … heterogeneity along with various population sub-groups, but none of them exhibit growth close to U.S. households. Savings rates … the high savings rate growth over the life-cycle for Indian households …