Chapter

Understanding Consumption

Angus Deaton

in Understanding Consumption

Published in print October 1992 | ISBN: 9780198288244
Published online November 2003 | e-ISBN: 9780191596131 | DOI: http://dx.doi.org/10.1093/0198288247.003.0007

Series: Clarendon Lectures in Economics

 Understanding Consumption

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The author reviews the main issues discussed in the book and places them in the wider context of the evolution of macroeconomic thought. It points out to new theoretical and empirical puzzles raised by research on consumption theory, especially financial puzzles associated with portfolio choice, taxation, and timing of Individual Retirement Accounts (IRAs).

Keywords: consumption theory; empirical puzzles; Individual Retirement Accounts; macroeconomics; portfolio choice; taxation

Chapter.  3476 words. 

Subjects: Macroeconomics and Monetary Economics

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