In old age, consumption can fluctuate because of shocks to available resources and because health shocks affect utility from consumption. We find that even temporary drops in income and health are ...

The Fed is in a holding pattern, awaiting more data, with December showing strong consumption but moderate inflation, suggesting disinflationary trends. December's personal income grew 0.4% MoM, while ...

Discover how Average Propensity to Save (APS) measures the percentage of income saved. Learn the formula for APS and factors that influence saving behavior.

Editor's note: China aims to basically realize socialist modernization by 2035. The 21st Century Business Herald spoke to Cai Fang, chief expert of the National High-end Think Tank of the Chinese ...

Do you live in a state that has a high sales tax? A state that imposes no sales tax at all? Consumption tax, the category that includes sales tax, is often a footnote at the end of a receipt, but it ...

This report provides analysis and advice on tax policy and administration reforms to modernize and improve the income and consumption tax system. On consumption taxes, the key recommendation is to ...