This high “double” tax distorted all sorts of behavior–inducing heavy reliance on risky debt finance, for example–and likely caused more economic damage dollar-for-dollar than any other ...

Economic theories predict that age influences individuals' saving and consumption behaviour. Despite this, age structure effects are rarely controlled for in empirical consumption functions.

The American Economic Review is a general-interest economics journal. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in the economics profession and is ...

Angus Deaton is the winner of 2015's Nobel Prize for Economics, with the committee praising his "analysis of consumption, poverty, and welfare".