would increase aggregate consumption by 0.82 percent. Furthermore, we find that redistributing 1% of national disposable … income from the top to the bottom decile of the income distribution would boost aggregate consumption by 0.33%. …

Buffer-stock models of saving are now standard in the consumption literature. This paper builds theoretical foundations … proposition that aggregate consumption growth equals aggregate income growth in a small open economy populated by buffer stock …

We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …

We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …

lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …

This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house …, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the heterogeneity in … household finances implies that responses of consumption to changes in the real interest rate and in house prices differ …

recent substantial rise (2008-2011) can be interpreted using a parsimonious buffer stock model of consumption in the presence …

We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …