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 …

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 …

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 …

decide how many lab dollars to convert into "takehome pay," akin to consumption with diminishing returns. Subjects' decisions … like present-period tax avoidance, while optimal consumption and after-tax savings are identical for both treatments. Our … Traditional treatment leads to marginally higher post-retirement consumption. …

consumption decisions. In an experimental implementation of the discounted utility model, the subjects learn the entire paths of … inflation and interest rates prior to deciding on a consumption path. We decompose the total change in consumption that results … on current consumption than predicted by the model …

on current consumption than predicted by the model. -- Consumption ; saving ; intertemporal utility maximization … consumption decisions. In an experimental implementation of the discounted utility model, the subjects learn the entire paths of … inflation and interest rates prior to deciding on a consumption path. We decompose the total change in consumption that results …

This paper tests how subjects behave in an intertemporal consumption/saving experiment when borrowing is allowed and … found suggesting that subjects over-consume when saving is necessary for optimal consumption. … whether subjects treat debt differently than savings. Two treatments create environments where either saving or borrowing is …

This paper studies the response of saving decisions to two alternative capital taxation, i.e., wealth tax and capital … income tax. I conduct a "life-cycle" experiment on Amazon Mturk, where subjects make dynamic saving decisions. Subjects …

Tax deferred accounts (TDAs) are an increasingly popular method of saving for retirement, and have become common across …

Carroll and Kimball (1996) show that the consumption function for an agent with time-separable, isoelastic preferences … always exists a distribution of income risk such that consumption function is not concave in wealth. I also derive suffi … cient conditions guaranteeing that the consumption function is concave if the agent has preferences for late resolution of …