The life-cycle theory of consumption draws a well-established distinction between the implications for consumption of …' price expectations are influencial in determining the consumption repsonse to shocks. …

decision to deleverage has negative implications for household consumption. …

is discarded. To quantify the utility costs, we calibrate a standard consumption life-cycle model. Consumers would be …

empirical regularity, which is that the distribution of consumption expenditures across households is, within cohorts, closer to …

Using data on elderly individuals and couples, we estimate a collective model of household consumption of a variety of … health status. We identify the extent to which shared consumption of some goods by elderly married couples reduces their … husbands, taking this jointness of some consumption into account. The results are relevant for household bargaining models and …