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A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the … consumption expenditure to the assumptions made and the data used. We then compare our measures of household expenditure to those … second is a study of the transmission of income shocks to household consumption. …
Persistent link: https://www.econbiz.de/10012172449
effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …
Persistent link: https://www.econbiz.de/10009526546
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK … - had some success in encouraging households to bring forward some durable purchases. -- Consumption ; Spending ; Recessions …
Persistent link: https://www.econbiz.de/10009315614
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK … households to increase durable purchases. -- Consumption ; Spending ; Recessions …
Persistent link: https://www.econbiz.de/10009377290
from the English Longitudinal Study of Ageing, an optimal level of wealth is calculated for each household. This is … compared to the levels of wealth observed in the data. Our results show that, for those born in the 1940s, the vast majority of … households have wealth levels far greater than necessary to maintain their living standards into and through retirement. …
Persistent link: https://www.econbiz.de/10010402536
Economic policy uncertainty is proven to have an important effect on household consumption. However, the literature on … consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China … in economic policy uncertainty can significantly reduce household consumption through both channels. Further, the …
Persistent link: https://www.econbiz.de/10013454412
guidance, both of which aim to stimulate consumption via raising households' inflation expectations. All households' inflation …
Persistent link: https://www.econbiz.de/10012848266
aggregate consumption, wealth and asset returns. Our present-value approach decomposes fluctuations in the global consumption-to-wealth … analysis identifies two historical episodes where the consumption-to-wealth ratio declined rapidly below its historical average …
Persistent link: https://www.econbiz.de/10012866647
We develop the approach of Gokhale, Kotlikoff amp; Sabelhaus (1996), based on the lifecycle model of savings, to … decompose the differences in the national saving rates between the UK, US and Italy. Our work suggests that the US saving rate …
Persistent link: https://www.econbiz.de/10012732550
Persistent link: https://www.econbiz.de/10013348632