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You are looking at 1-10 of 15 items for:

Macroeconomics: Consumption, Saving, Production, Employment, and Investment x Household Behaviour and Family Economics x clear all

Deep Habits

Morten Ravn, Stephanie Schmitt-Grohé and Martín Uribe.

in The Review of Economic Studies

January 2006; p ublished online January 2006 .

Journal Article. Subjects: Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment. 11468 words.

This paper generalizes the standard habit-formation model to an environment in which agents form habits over individual varieties of goods as opposed to over a composite consumption good....

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Depression Babies: Do Macroeconomic Experiences Affect Risk Taking?*

Ulrike Malmendier and Stefan Nagel.

in The Quarterly Journal of Economics

February 2011; p ublished online February 2011 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Household Behaviour and Family Economics; Microeconomics; Economics. 14522 words.

We investigate whether individual experiences of macroeconomic shocks affect financial risk taking, as often suggested for the generation that experienced the Great Depression. Using data...

Does Income Inequality Lead to Consumption Inequality? Evidence and Theory

Dirk Krueger and Fabrizio Perri.

in The Review of Economic Studies

January 2006; p ublished online January 2006 .

Journal Article. Subjects: Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Microeconomics. 14717 words.

Using data from the Consumer Expenditure Survey, we first document that the recent increase in income inequality in the U.S. has not been accompanied by a corresponding rise in consumption...

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Excess Sensitivity of High-Income Consumers

Lorenz Kueng.

in The Quarterly Journal of Economics

November 2018; p ublished online June 2018 .

Journal Article. Subjects: Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Economics. 19828 words.

Abstract

Using new transaction data, I find considerable deviations from consumption smoothing in response to large, regular, predetermined, and salient...

The Forgone Gains of Incomplete Portfolios

Monica Paiella.

in The Review of Financial Studies

September 2007; p ublished online April 2007 .

Journal Article. Subjects: Economics; Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment. 11259 words.

This article proposes a test for the cost-based explanation of nonparticipation, by estimating a lower bound to the forgone gains of incomplete portfolios; these are in turn a lower bound...

Higher Order Risk Attitudes, Demographics, and Financial Decisions

Charles N. Noussair, Stefan T. Trautmann and Gijs van de Kuilen.

in The Review of Economic Studies

January 2014; p ublished online October 2013 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Design of Experiments. 14931 words.

We study the prevalence of the higher order risk attitudes of prudence and temperance in an experiment with a large demographically representative sample of participants. Under expected...

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House Prices and Consumer Spending

David Berger, Veronica Guerrieri, Guido Lorenzoni and Joseph Vavra.

in The Review of Economic Studies

July 2018; p ublished online October 2017 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Household Behaviour and Family Economics; Intertemporal Choice and Growth; Household Analysis. 19460 words.

Abstract

Recent empirical work shows large consumption responses to house price movements. This is at odds with a prominent theoretical view which, using the...

Housing Wealth and Retirement Timing

Martin Farnham and Purvi Sevak.

in CESifo Economic Studies

March 2016; p ublished online July 2015 .

Journal Article. Subjects: Demand and Supply of Labour; Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Housing Markets, Production Analysis, and Business Location. 9360 words.

Labor-supply effects of changes in house value are potentially important but empirically neglected. Using the panel Health and Retirement Study merged to local house prices from the Federal...

How important is precautionary labour supply?

Robin Jessen, Davud Rostam-Afschar and Sebastian Schmitz.

in Oxford Economic Papers

July 2018; p ublished online January 2018 .

Journal Article. Subjects: Single Equation Models; Single Variables; Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Demand and Supply of Labour. 9117 words.

Abstract

We quantify the importance of precautionary labour supply defined as the difference between hours supplied in the presence of risk and hours under...

Milk Marketing Order Winners and Losers

Hayley H. Chouinard, David E. Davis, Jeffrey T. LaFrance and Jeffrey M. Perloff.

in Applied Economic Perspectives and Policy

March 2010; p ublished online March 2010 .

Journal Article. Subjects: Household Behaviour and Family Economics; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Agricultural Economics; Taxation, Subsidies, and Revenue. 7863 words.

Determining the impacts on consumers of governmental policies that affect the demand for food products requires a theoretically consistent micro-level demand model. We estimate a system of...

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