01412nam a22001697a 4500 23146 23146 9780199383153 339.47 JAP-E Jappelli,Tullio Pistaferri,Luigi Economics of consumption theory and evidence New York Oxford University Press 2017 2017 includes references and index In The Economics of Consumption, Tullio Jappelli and Luigi Pistaferri provide a comprehensive examination of the most important developments in the field of consumption decisions and evaluate economic models against empirical evidence. The first part of the book provides the basic ingredients of economic models of consumption decisions. The central part reviews the empirical literature on the effect of income and wealth changes on consumption and on the relevance of precautionary saving and credit market imperfections. The last chapters extend the basic framework to such important areas as bequests, leisure, lifetime uncertainty, and financial sophistication. Jappelli and Pistaferri shed light on important issues, including how consumption responds to changes in economic resources, how economic circumstances and consumers' characteristics influence behaviour, and whether consumption inequality depends on income shocks and their persistence Economics Consumption Stock Market BK ddc 0 0 0 0 NASSDOC NASSDOC 2019-05-09 0 339.47 JAP-E 50218 2019-05-09 00:00:00 2019-05-09 BK