Abstract:In this assessment we discuss the issues raised by the papers in this issue of the Oxford Review of Economic Policy in the context of economic models of household consumption and saving. We also provide a discussion of what we consider to be some important areas in the current debate surrounding theories and evidence regarding saving behaviour. We highlight the differences that arise from considering partial, as opposed to general, equilibrium models, and in looking at developed, as opposed to developing count… Show more
scite is a Brooklyn-based startup that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.