01530nam a22001817a 4500999001700000020001800017082001800035100002000053100002100073245005000094260004400144300000900188500003400197520095800231650004101189942001201230952010601242  c23146d23146  a9780199383153  a339.47bJAP-E  aJappelli,Tullio  aPistaferri,Luigi  aEconomics of consumptionbtheory and evidence  aNew YorkbOxford University Pressc2017  a2017  aincludes references and index  aIn 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  aEconomicsvConsumptionvStock Market  cBK2ddc  00104070aNASSDOCbNASSDOCd2019-05-09l0o339.47 JAP-Ep50218r2019-05-09 00:00:00w2019-05-09yBK