... Euler equation Pseudo-panel C33 D12 D91 J26 Recent demographic change and rising life expectancy are reshaping population age structures and increasing the share of older individuals. These trends have profound implications not only for pension systems and health expenditures but also...

... before, with €320,000 after tax per ticket, which is approximately 12 times higher than the average household income in Spain (€26,092) [6] . Consumption Durable goods Nondurable goods Winning region Permanent income hypothesis (PIH) C01 C23 C26 C55 C93 D12 D14 Over recent...

... the wealth effect on consumption [ 1 ]. This interest has been reinforced by the recent attention given to the relevance of monetary policy and the mechanisms through which its impacts are transmitted, particularly with regard to consumption [ 2 ]. C23 C26 D12 D15 E21 Wealth effect...