000			01412nam a22001697a 4500
999			_c23146 _d23146
020			_a9780199383153
082			_a339.47 _bJAP-E
100			_aJappelli,Tullio
100			_aPistaferri,Luigi
245			_aEconomics of consumption _btheory and evidence
260			_aNew York _bOxford University Press _c2017
300			_a2017
500			_aincludes references and index
520			_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
650			_aEconomics _vConsumption _vStock Market
942			_cBK _2ddc