Search Results - subject:"Consumption Dynamics"

Intertemporal choice and consumption mobility

Jappelli, Tullio; Pistaferri, Luigi - Center for Financial Studies - 2005

The theory of intertemporal consumption choice makes sharp predictions about the evolution of the entire distribution of household consumption, not just about its conditional mean. In the paper, we study the empirical transition matrix of consumption using a panel drawn from the Bank of Italy...

Persistent link: https://www.econbiz.de/10010958812

Intertemporal Choice and Consumption Mobility

Jappelli, Tullio; Pistaferri, Luigi - Center for Financial Studies - 2005

Classification: D52, D91, I30 Keywords: Consumption Dynamics, Mobility 1 Introduction Howmuch consumption … matrix for consumption and testing diﬀerent hypotheses concerning consumption dynamics. Since to measure mobility one needs … family size and labor supply on preferences. In Section 3 we review the implications for consumption dynamics of the theories …

Persistent link: https://www.econbiz.de/10005176459

Intertemporal Choice and Consumption Mobility

Jappelli, Tullio; Pistaferri, Luigi - Centro Studi di Economia e Finanza (CSEF) - 1999

We test the validity of three models of intertemporal consumption choice (the permanent income hypothesis, the myopic model, and the consumption insurance model) by means of mobility indexes for the underlying consumption distribution. Each of the three models delivers different transition laws...

Persistent link: https://www.econbiz.de/10005750388

Uncertain Duration of Reform: Dynamic Implications

Calvo, Guillermo A.; Drazen, Allan - 1998

We develop a framework to study the effects of policies of uncertain duration onconsumption dynamics under both complete and incomplete markets. We focus on the dynamicimplications of market incompleteness, specifically on the lack of state-contingent bonds. Twopolicies are considered: pure...

Persistent link: https://www.econbiz.de/10009450564

Wie stark wird der Konsum vom Vermögen bestimmt?

Dreger, Christian; Slacalek, Jiri - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 76 (2007) 4, pp. 77-84

The economic performance in the euro area and in particular in Germany has been rather weak over the recent past. Despite the cyclical upturn of the world economy domestic demand and private consumption have grown only modestly. The path of private consumption depends on the evolution of...

Persistent link: https://www.econbiz.de/10005089661

Sticky Expectations and Consumption Dynamics

Carroll, Christopher D. - Society for Computational Economics - SCE - 2006

`sticky expectations' about the macroeconomy can reconcile conflicting evidence about consumption dynamics from micro and …

Persistent link: https://www.econbiz.de/10005706211

Consumption Dynamics, Asset Pricing, and Welfare Effects under Information Processing Constraints

Luo, Yulei - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005090852

The Epidemiology of Consumption

Sommer, Martin; Carroll, Christopher; Slacalek, Jiri - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005069447

Consumption Inequality, Income Uncertainty and Insurance

Pistaferri, Luigi; Blundell, Richard; Preston, Ian - Society for Economic Dynamics - SED - 2004

This paper uses panel data on household consumption and income to describe the transmission of income inequality into consumption inequality. We do this by contrasting shifts in the cross-sectional distribution of income growth with shifts in the cross-sectional distribution of consumption...

Persistent link: https://www.econbiz.de/10005027289

Social norms and equality of opportunity in conspicuous consumption: on the diffusion of consumer good innovation.

Reinstaller, Andreas; Sanditov, Bulat - Vienna University of Economics and Business Research … - 2003

This paper presents a simple evolutionary model to study the diffusion patterns of product innovations for consumer goods. Following a Veblenian theme, we interpret consumption as a social activity constrained by social norms and equality of opportunity. Societies that allow for more behavioral...

Persistent link: https://www.econbiz.de/10005539181