Spending is out, saving is in. The trend not only has legs, it has depth and magnitude, as the personal income and spending report for November reminds.

The determinants of savings generally and the specific effects of government policies on savings and consumption are pivotal forces in investment and economic growth. The Hall hypothesis states that ...

When the production function has a finite slope at the origin, we show that a solution to the aforementioned problem exists for a twice continuously differentiable, strictly increasing consumption ...

Savings and consumption are not the only levers that parents can adjust after children become independent, they can also adjust hours worked and earnings.

This paper aims to measure the risk premium on French equities during 1960-92 and to evaluate how well theoretical models based on various representations of agents' preferences can explain it. Aside ...