This paper investigates consumption-behavior heterogeneity across consumption growth levels by analyzing microdata from …) S-shaped utility to consumption behaviors with a simple mean regression method that doesn't require specifying the … reference points of consumption. We find that the lower and upper quantiles of micro-level consumption growth generally exhibit …

It is often claimed that technology improves product quality, which in turn increases consumption although the product …

Productive consumption enables the satisfaction of current needs and, at the same time, increases the productive … potential of labour. Theoretical as well as empirical evidence suggests that productive consumption is primarily relevant to low …-income countries. From the perspective of growth theory, the productive-consumption hypothesis is of fundamental interest because it …

consumption commitment for most households { their monthly rent or mortgage payment. I find that non-durable and food spending … weekly, biweekly and monthly income streams but the same timing of rent/mortgage payments have very similar consumption …

This paper focuses on whether households facing economic scarcity tend to change consumption priorities as measured by … feast-related goods, indicating a "feast and famine" consumption strategy. Nevertheless, spending on food with label claims …

Some consumption opportunities are both indivisible and only valuable in particular tates of nature. The existence of … such state-dependent indivisible consumption opportunities influences a person’s risk attitudes. In general, people are not … risk averse anymore even if utility from divisible consumption is concave. I propose a definition of insurance in the …