In this paper I examine the implications of self-attribution bias on consumption and savings decisions. When self … changes in consumption and changes in income. No other factor on its own has been able to explain both of these empirical …

In the past decade, weak household consumption was an important reason for low rates of overall economic growth in … consumption. Consumption, information-processing, and decision-making theory all serve to derive hypotheses, which are evaluated … indicate that consumption is mainly influenced by the long-run effects of news coverage. In this regard, decisions to consume …

present cross-sectional dispersion earnings, consumption expenditure, and wealth inequalities from time-series and life cycle …

Although the link between household size and consumption has a strong empirical support, there is no consistent way in … size and composition affect optimal consumption decisions. We provide theoretical results comparing both approaches and …

Like many other countries, aggregate consumption constitutes a major portion of Gross Domestic Product (GDP) in … Pakistan. Consumption decisions determine savings decisions. In long term growth literature, differences in long term growth … consumption models in the literature for their empirical verification taking macro level data for Pakistan economy. These include …

In this paper we analyse the consequences of changes in the consumption patterns on unemployment through an … multiequational model, in which we estimate a consumption function, an investment function and an unemployment rate equation, using a … and persistent shocks to consumption have long lasting effects on unemployment, both directly and indirectly, through …

that these predictable changes in returns should affect current consumption. This paper presents a new framework linking … consumption, income, and observable assets to expectations of future asset returns. Relative to previous work on this topic, the …