consumption after being tested HIV positive. The paper describes different effects on aggregate savings according to different … HIV. The model specifies a utility function that includes both regular consumption, and medical expenditures. Medical … stages of the epidemic. We show that the HIV epidemic decreases savings if especially young individuals are (perceived to be …

This paper investigates the impact of financial liberalization on the relationship between consumption and total wealth … expected future consumption growth rates and/or in rates of return on wealth that, through the inter-temporal budget constraint …, affect the current consumption-wealth ratio. We estimate the long-run relationship between consumption, total wealth and …

the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to … expectations of future income and consumption growth rates. We investigate whether these expectations suffice to explain the shifts … in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more …

We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … participation substitute a larger fraction of consumption intertemporally in response to changes in expected asset returns. Micro …

We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … market participation substitute a smaller fraction of consumption intertemporally in response to changes in expected asset …

A large body of microeconomic evidence supports Friedman (1957)'s proposition that household income can be reasonably … permanent income shocks helps our model to explain a substantial part of the large degree of empirical wealth heterogeneity that …

insurance in aging populations but to put structure on these debates. We formulate a large set of models which we use for …

The aim of this paper is to analyze the cause and effect relationship between economic growth and savings in advanced … the existence of one-way casual relationship between gross domestic savings and gross domestic product in the case of … relationship between gross domestic product and gross domestic savings both in developed economies and developing and transition …

This research examines the effects of earmarking money on savings by low-income consumers. In particular, the authors … test two interventions that are designed to enhance the effects of earmarking: a) using a visual reminder of the savings …. In addition, the presence of the visual reminder increases the savings rate. The authors conclude with implications for …