The Economics of Consumption
Theory and Evidence
Tullio Jappelli and Luigi Pistaferri
Reviews and Awards
"This book provides the synthesis of the vast research field of the economics of consumption in a coherent and accessible way." -- Journal of Consumer Policy
"Written by two world leaders in consumption research this book brings together the recent evidence and theory in a comprehensive and compelling volume. Highlighting the key role of life-cycle behavior, saving and uncertainty, it is a must read for any student or researcher interested in understanding consumption." - Richard Blundell, University College London and Institute for Fiscal Studies
"The Economics of Consumption fills a massive gap in the literature on applied consumption theory. It covers the important empirical and theoretical advances that have taken place over the last 25 years, which, until now, have only been accessible through academic journals. This makes the book a tremendously valuable resource for students and researchers, bringing together in one place the knowledge that is necessary to appreciate the close connection between theory and data that is the hallmark of modern economics" - Greg Kaplan, Professor of Economics, University of Chicago
"This excellent overview of the leading theories of consumption builds systematically from simpler to richer models to develop intuition for their inner workings, and it thoughtfully evaluates their usefulness for understanding behavior. It will be a valuable resource to students, teachers, and researchers alike."- Lee Lockwood, Assistant Professor of Economics at the University of Virginia
