This chapter surveys the literature on the macroeconomic effects of government debt. It
begins by discussing the data on debt and deficits, including the historical time series …

Consumption is the largest component of GDP. Since the 1950s, the life cycle and the
permanent income models have constituted the main analytical tools to the study of …

Consumer expenditure accounts for between 50% and 70% of spending in most economies.
Not surprisingly, the consumption function has been the most studied of the aggregate …

Research into sculture and entrepreneurship in Britain has been dominated by casual
empiricism. This article shows the benefits of using a new method. Lifetime wealth …

This paper proposes and analyzes a life-cycle model of consumption by couples. The model
is considerably more complicated than the standard model for singles because it has to …

In the light of repeated rejections of the Hall (1978) version of the life cycle‐permanent
income hypothesis and other empirical puzzles, the habit formation hypothesis has …

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The paper presents transfers between generations taking place within families: inheritance,
gifts, help and services. Their economic motivations are seen through three main …

A simulation model is developed to account for observed changes in mean household
wealth both overall and by age cohort over the 1962–92 period in the US There are three …

Ziel der Arbeit ist die Ableitung und Diskussion von Bedingungen, unter denen die
Dauerhaftigkeit von Interaktionsbeziehungen dazu beitragen kann, Anreizen zu …