The reaction of household consumption to predictable changes in social security taxes

Article Abstract:

A survey was conducted on consumption expenditures in response to changes in social security taxes using consumption data the Consumer Expenditure Survey on Family, Member and Expenditure files for the years 1980 to 1993. Findings showed that the demand for goods are not directly affected by income change. However, the income increases by 10 percent when the security taxes fall and subsequently consumption rises by 5.4 percent.

Research, Economic aspects, Social security taxes

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Consumption risk and expected stock return

Article Abstract:

The central idea of the consumption-based capital asset-pricing model (CCAPM) that consumption risk determines returns, is evaluated. Result indicate that long-term consumption risk explains the cross sectional variation in average returns.

Asset & Risk Management, Risk management, Return on investment, Rate of return

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Insurance, consumption, and saving: a dynamic analysis in continuous time

Article Abstract:

The demand for non-life insurance is studied and its relation with consumption under loaded premiums is analyzed. The growth rate of loss probability and its dependence on precautionary savings in continuous time is also studied.

Market information - general, Insurance, Insurance Carriers and Related Activities, Commodity & service prices, INSURANCE CARRIERS, Prices and rates, Supply and demand, Savings, Insurance industry, Company pricing policy

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