Search Results - subject:"Consumption function"

"Golden Ages" : A Tale of the Labor Markets in China and the United States

Fang, Hanming; Qiu, Xincheng - National Bureau of Economic Research - 2021

We study the labor markets in China and the United States, the two largest economies in the world, by examining the evolution of their cross-sectional age-earnings profiles during the past thirty years. We find that, first, the peak age in the cross-sectional age-earnings profiles, which we...

Persistent link: https://www.econbiz.de/10012696432

Is the selfish life-cycle model more applicable in Japan and, if so, why? : a literature survey

Horioka, Charles - In: Review of Economics of the Household 19 (2021) 1, pp. 157-187

Persistent link: https://www.econbiz.de/10012489071

The Cross-Section of Household Preferences

Calvet, Laurent E.; Campbell, John Y.; Gomes, Francisco J. - National Bureau of Economic Research - 2021

This paper estimates the cross-sectional distribution of Epstein-Zin preference parameters in a large administrative panel of Swedish households. We consider life-cycle model of saving and portfolio choice that incorporates risky labor income, safe and risky financial assets inside and outside...

Persistent link: https://www.econbiz.de/10012533337

Were Late-Nineteenth-Century, Small-Town Americans Life-Cycle Savers?

Bodenhorn, Howard - National Bureau of Economic Research - 2021

Although the mobilization of savings is an important function of banks and other financial institutions, there is remarkably little evidence that bears on how and how well the financial sector mobilized household savings in the nineteenth and early twentieth century. This paper documents...

Persistent link: https://www.econbiz.de/10012533359

Of the Impossibility to Estimate the Marginal Propensity to Consume Because the Aggregate Consumption Function Is an Accounting Semi Identity

Sánchez Vidal, Javier - 2019

consumption function suffers from this problem and its estimated coefficient does not serve to infer a causal relation, as it …

Persistent link: https://www.econbiz.de/10012888691

An Approximate Consumption Function

Padula, Mario - 2014

This paper proposes an approximation to the consumption function in the buffer-stock model. The approximation is based … on the analytic properties of the consumption function in the buffer-stock model. In such model, the consumption function … consumption function obtained using the endogenous grid point algorithm and show that using the former or the latter for …

Persistent link: https://www.econbiz.de/10014215242

The Private Consumption Function in Saudi Arabia

Ibrahim, M. - 2014

This paper empirically estimates the critical parameters of private consumption function in Saudi Arabia for the period …

Persistent link: https://www.econbiz.de/10013052424

The Czech housing market through the lens of a DSGE model containing collateral-constrained households

Tonner, Jaromír; Bru°ha, Jan - 2014

Persistent link: https://www.econbiz.de/10010506984

Credit, bankruptcy, and aggregate fluctuations

Nakajima, Makoto; Ríos-Rull, José-Víctor - 2014

Persistent link: https://www.econbiz.de/10010503055

Credit, Bankruptcy, and Aggregate Fluctuations

Nakajima, Makoto - 2014

We ask two questions related to how access to credit affects the nature of business cycles. First, does the standard theory of unsecured credit account for the high volatility and procyclicality of credit and the high volatility and countercyclicality of bankruptcy filings found in U.S. data?...

Persistent link: https://www.econbiz.de/10012458048