consumption, controlling for demographics, cohort and time effects. In addition to documenting profiles for total and nondurable … consumption, we devote special attention to the age expenditure pattern for consumer durables. We find hump-shaped paths over the … that households do not smooth consumption over their lifetimes. This is especially the case for services from consumer …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

This paper studies the impact of household indebtedness on the consumption channel of monetary policy using the Chinese … there is a much larger counteraction of consumption in response to monetary policy shocks when household indebtedness …

This paper studies the impact of household indebtedness on the transmission of monetary policy to consumption using the … non-linear as there is a much larger counteraction of consumption in response to monetary policy shocks when household …