uncertainty on precautionary savings and, therefore, on consumption. We found that policy uncertainty alone could increase …

savings are low and below individually pre-stated saving intentions, even though this group has generally no occupational … pension. We also study the relation between the importance of a broad spectrum of saving motives, such as saving for … retirement, and saving behavior. We show that finding the retirement motive important does not directly translate in additional …

The focus of this paper in on the effect that changes in income and financial assets have on household consumption in …

effectiveness of public policies aimed at promoting specific types of saving. This paper estimates the effect of a reform of a large …

consumption and the level of government debt. In countries with a high level of government debt, a fiscal expansion is partly … crowded out by a fall in private consumption. In contrast, in low debt countries, private consumption is insensitive to …

external finance premium (EFP), that may vary over the business cycle, on private consumption in Europe. A consumption model … consumption, but also external finance, which availability depends on the EFP. The empirical analysis shows an accelerator effect … of the EFP on consumption for Germany, Italy and the Netherlands. In contrast, for France, the United Kingdom and Belgium …

The study quantifies stock market and housing market wealth effects on households' non-durable consumption using … market and housing market wealth effects on households' non-durable consumption using Italian household panel data (SHIW) of … market wealth effects on households' non-durable consumption using Italian household panel data (SHIW) of 1989-2002. We found …

evidence that the interest sensitivity of consumption becomes significantly lower when consumers 'excessively discount' the …

The simple one -good model of life-cycle consumption requires consumption smoothing. According to previous results … based on partial spending and on synthetic panels, British and U.S. households apparently reduce consumption at retirement … one -good model of life-cycle consumption requires consumption smoothing. According to previous results based on partial …

model of 401(k) saving and estimates the effect of matching on 401(k) saving accounting for non-linearities in the household … cents per dollar of employee contribution raises 401(k) saving by $500-$800 (in 1991 dollars), and the estimated elasticity …