The Economics of Consumption is a textbook by Tullio Jappelli and Luigi Pistaferri, focused on the analysis of consumption decisions within macroeconomic contexts. The book explores how consumers respond to economic changes and risks over their life cycle, providing valuable insights for policymakers and economists.
Contents
This book discusses economic models and empirical evidence on consumption behavior. It covers the influence of changes in income and wealth, the role of saving motives, and constraints in credit markets. In addition, topics such as inheritances, leisure time, uncertain lifespans, and financial literacy are explained.
Jappelli and Pistaferri specifically analyze how economic resources and individual characteristics affect consumption patterns and what role income shocks play in consumption inequality.
Specifications
- Author: Tullio Jappelli, Professor of Economics, University of Naples Federico II; Luigi Pistaferri, Professor of Economics, Stanford University
- Publisher: Oxford University Press Inc
- Publication date: November 23, 2017
- Number of pages: 312
- ISBN: 9780199383146
- Theme: Macroeconomics
- BISAC: BUSINESS & ECONOMICS / Economics / Macroeconomics
Authors
Tullio Jappelli is a professor and chair of the Department of Economics and Statistics at the University of Naples Federico II. He is also affiliated with the Centre for Economic Policy Research (CEPR).
Luigi Pistaferri is a professor at Stanford University and a member of network organizations such as NBER and CEPR. He is also co-editor-in-chief of the American Economic Review.