Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy

Consumption, saving, production, investment, and labour markets (JEL E2) cover the macroeconomic behaviour of the main expenditure and production components.

Scope

It includes aggregate consumption and saving, investment, capital, employment and wages, and the informal economy.

Sub-topics

• General
• Consumption • Saving • Wealth
• Investment • Capital • Intangible Capital • Capacity
• Production
• Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity
• Aggregate Factor Income Distribution
• Informal Economy • Underground Economy
• Forecasting and Simulation: Models and Applications
• Other

Core questions

• What determines aggregate consumption and saving?
• What drives investment and capital accumulation?
• How do aggregate labour markets behave?

Key concepts

• Consumption function
• Saving
• Investment
• Capital
• Aggregate employment
• Informal economy

Frequently asked questions

What is the consumption function?

The relationship between aggregate consumption and its determinants (e.g., income), central to macroeconomic models.