Search Results - subject:"consumption function"

Debt overhang and deleveraging in the US household sector : gauging the impact on consumption

Albuquerque, Bruno; Krustev, Georgi - In: Essays in empirical macroeconomics: zooming on …, (pp. 41-74). 2017

Using a novel dataset for the US states, this paper examines whether household debt and the protracted debt deleveraging help explain the dismal performance of US consumption since 2007, in the aftermath of the housing bubble. By separating the concepts of deleveraging and debt overhang - a flow...

Persistent link: https://www.econbiz.de/10012267628

Optimal Life-Cycle Portfolios for Heterogeneous Workers

Bagliano, Fabio C. - 2017

Household portfolios include risky bonds, beyond stocks, and respond to permanent labour income shocks. This paper brings these features into a life-cycle setting, and shows that optimal stock investment is constant or increasing in age before retirement for realistic parameter combinations. The...

Persistent link: https://www.econbiz.de/10012974107

Housing wealth and consumption

O'Donnell, Nuala - In: Quarterly bulletin / Central Bank & Financial Services … (2007) 1, pp. 119-136

Persistent link: https://www.econbiz.de/10003417353

Estimation of Engel elasticity from different specifications of Engel functions

Panda, Bijaya Kumar; Sarangi, Prasant; Panigrahy, … - In: Finance India : the quarterly journal of Indian … 21 (2007) 1, pp. 105-132

Persistent link: https://www.econbiz.de/10003544816

The wealth effect : a contemporary update to the age of affluence

Klein, Lawrence Robert; Ozmucur, Suleyman - In: Journal of policy modeling : JPMOD ; a social science … 29 (2007) 4, pp. 609-622

Persistent link: https://www.econbiz.de/10003550811

A structure of the consumption function

Chao, Hsiang-ke - In: The journal of economic methodology 14 (2007) 2, pp. 227-248

Persistent link: https://www.econbiz.de/10003516427

Private Consumption Expenditure in the Eastern Caribbean Currency Union

Sutherland, Richard; Craigwell, Roland - Volkswirtschaftliche Fakultät, … - 2011

This paper innovates by being the first to estimate a consumption function of a monetary union as a single entity. It …

Persistent link: https://www.econbiz.de/10011113020

Concave consumption function and precautionary wealth accumulation

Suen, Richard M. H. - Volkswirtschaftliche Fakultät, … - 2011

consumers face uninsurable earnings risk and borrowing constraints. We begin by characterizing the consumption function of … individual consumers. We show that consumption function is concave when the utility function has strictly positive third … strictly positive third derivative as special cases. We then show that when consumption function is concave, a mean …

Persistent link: https://www.econbiz.de/10009368143

Consumption-Saving Investigation: United States

Emerson, Jamie - In: Journal for Economic Educators 11 (2011) 1

-income relationship. When structural breaks are taken into account, the theory of the simple Keynesian consumption function performs quite … these results, which demonstrate that the simple Keynesian consumption function does indeed perform quite well as a first …

Persistent link: https://www.econbiz.de/10010540708

Not Only Subterranean Forests: Wood Consumption And Economic Development In Britain (1850-1938)

Iriarte-Goñi, Iñaki; Ayuda, María Isabel - Asociación Española de Historia Económica - AEHE - 2011

The essential aim of this paper is to analyze wood consumption in Great Britain over the period 1850-1938. We calculate the apparent consumption of wood in Britain, taking into account both net imports of wood and the home harvest of wood. Then we develop some quantitative exercises which...

Persistent link: https://www.econbiz.de/10009294069