Understanding Consumption

This book offers a comprehensive look at recent advancements in the study of saving and consumption, a field that has seen significant progress over the past decade. It highlights how economists have consistently integrated data, theory, and policy, drawing contributions from microeconomists, macroeconomists, and econometricians. The text provides a coherent account of these developments, emphasizing the connections between micro and macro perspectives, as well as between cross-sectional, panel, and aggregate time-series data.