We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake … such as those around retirement should not affect consumption. However, we first recall that given higher leisure …

harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new …We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity …

This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment … not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption …

variations in the savings behavior over the wealth distribution and despite a strong relationship between initial household … of households. The model allows for dynamic adjustment and variations in the savings behavior over the wealth … transfer volume, the transfer incidence over the wealth distribution and the effect of the savings behavior. The results are …

Simple life cycle and permanent income hypotheses imply that changes in consumption should be unforecastable. Rational … forward-looking agents ought to smooth consumption over the life cycle and exhaust the asset stock accumulated during the … working career in retirement. Empirical observations seem not to conform to these predictions of the simple theory of …

consumption while staying at home, as opposed to income shocks experienced during the pandemic. We also rule out an increase in …

). First, using household survey data from Germany, we show that the consumption risk of short-time work is lower than that of … market frictions. Short-time work weakens workers' precautionary savings motive and lowers labor costs. This reduces the …

unions can demand different hours from different households, directly taking household heterogeneity into account. In this … households work the same amount but prohibits unions from requiring any household to work more than it would like to. This …