We review different empirical approaches that researchers have taken to estimate how
consumption responds to income changes. We critically evaluate the empirical evidence on …

It is well known that higher education financing involves uncertainty and risk with respect to
students' future economic fortunes, and an unwillingness of banks to provide loans because …

In this essay, we discuss the emerging literature in macroeconomics that combines
heterogeneous agent models, nominal rigidities, and aggregate shocks. This literature …

In this essay, we discuss the importance of consumption inequality in the debate concerning
the measurement of disparities in economic well-being. We summarize the advantages and …

This paper considers how monetary policy produces heterogeneous effects on euro area
households, depending on the composition of their income and on the components of their …

Using 41 million observations on savings for the population of Denmark, we show that the
effects of retirement savings policies on wealth accumulation depend on whether they …

A wide body of empirical evidence finds that approximately 25 percent of fiscal stimulus
payments (eg, tax rebates) are spent on nondurable household consumption in the quarter …

We use sizable lottery prizes in Norwegian administrative panel data to explore how
transitory income shocks are spent and saved over time and how households' marginal …

We use responses to survey questions in the 2010 Italian Survey of Household Income and
Wealth that ask consumers how much of an unexpected transitory income change they …

内容提要: 本文运用大样本农户家庭调查资料, 对决定中国农户家庭储蓄行为的影响因素进行了
探索, 从实际出发构建了一个具有较好解释力, 且能对各种类型的变量均有所考虑的储蓄模型 …