{"product_id":"the-economics-of-consumption-theory-and-evidence-9780199383153","title":"The Economics of Consumption: Theory and Evidence","description":"Consumption decisions are crucial determinants of business cycles and growth. Knowledge of how consumers respond to the economic environment and how they react to the risks that they encounter during the life-cycle is therefore important for evaluating stabilization policies and the\u003cbr\u003eeffectiveness of fiscal packages implemented in response to economic downturns or financial crises. \u003cp\u003e\u003c\/p\u003eIn \u003cem\u003eThe Economics of Consumption\u003c\/em\u003e, 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\u003cbr\u003eeconomic 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\u003cbr\u003ebequests, leisure, lifetime uncertainty, and financial sophistication. \u003cp\u003e\u003c\/p\u003eJappelli and Pistaferri shed light on important issues, including how consumption responds to changes in economic resources, how economic circumstances and consumers' characteristics influence behavior, and whether consumption inequality depends on income shocks and their persistence.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Tullio Jappelli, Luigi Pistaferri\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 10\/02\/2017\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 312\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.45lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.60h x 6.90w x 1.30d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780199383153\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003eTullio Jappelli\u003c\/strong\u003e is Professor of Economics and Chairman of the Department of Economics and Statistics at the University of Naples Federico II, a Research Fellow of the Center for Economics and Finance (CSEF) and of CEPR. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cstrong\u003eLuigi Pistaferri \u003c\/strong\u003eis a Professor of Economics at Stanford University, a Research Fellow of NBER, CEPR, the Ralph Landau Senior Fellow at the Stanford Institute of Economics and Policy Research (SIEPR), and one of the co-editors of the American Economic Review.\u003cbr\u003e\u003cbr\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Oxford University Press, USA","offers":[{"title":"Paperback","offer_id":39934213488755,"sku":"9.78E+12","price":45.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_a2735d78-64d2-4251-8441-5a33d867904d.jpg?v=1647877883","url":"https:\/\/bookstorenmore.com\/products\/the-economics-of-consumption-theory-and-evidence-9780199383153","provider":"Bookstore N More","version":"1.0","type":"link"}