income and consumption in panel data. I examine Blundell, Pistaferri and Preston (2008) as an important example for which … resolves the dissonance between the low partial consumption insurance estimates of Blundell, Pistaferri and Preston (2008) and …

We do not need to and should not have to choose amongst income, consumption, or wealth as the superior measure of well … for the same households, using income, consumption, and wealth from the 1989-2016 Surveys of Consumer Finances (SCF). The …

To predict the effects of the 2020 U.S. CARES act on consumption, we extend a model that matches responses of … households to past consumption stimulus packages. The extension allows us to account for two novel features of the coronavirus … likely be necessary if consumption spending is to recover …

Consumption growth is predictable, a basic violation of the permanent-income hypothesis. This paper examines three … possible explanations: rule-of-thumb behavior, in which households allow consumption to track per-period income flows rather … than permanent income; habit persistence; and non-separability in preferences over consumption and leisure. The data appear …

Expenditures Survey, house price and consumption responses are compared across areas differing in local land availability and …

of the substantial slowdown in the growth rate of food consumption observed during the recent economic downturn …

, but they also allow individuals to smooth consumption when they experience demographic and economic shocks. Using tax data …