Almost half of American families did not adjust their consumption following receipt of the 2001 or 2008 tax rebates …

general panel date on total consumption from the intertemporal budget constraint. The distribution of consumption levels is … shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then …

This paper reviews the role of house prices in influencing private consumption and residential investment in OECD … borrow for current consumption on the basis of their housing wealth, and the easing of borrowing constraints has often been … for the major OECD countries suggest that house prices have a significant positive impact on private consumption through …

have eased the liquidity constraints facing households, thus raising the targeted level of consumption. The objective of … relationship between consumption and income, and more specifically on the wealth effect. A range of different procedures is used to …

examine how the insurance coverage affects household consumption. Results show that, on average, the health insurance coverage … increases nonmedical-related consumption by more than 5%. This insurance effect is observed even in households with no out … reimbursement from the insurance program. The program within these villages stimulates less consumption among new participants than …

Although the link between household size and consumption has strong empirical support, there is no consistent way in … deterministic changes in household size and composition affect optimal consumption decisions. We show theoretically that the …. However, our quantitative analysis demonstrates that differences in predictions for consumption are negligible across models …

transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

investor consumption. This paper, using two micro data sets that provide cross-sectional variation in dividend receipts and … capital gains, empirically measures the effect of dividends on investor consumption. Analysis of data from the Consumer … Expenditure Survey indicates that household consumption is particularly sensitive to realized dividend income, when one controls …

This paper investigates the causes of the Italian consumption bust of the early 1990s by estimating deviations from … 'normal' consumption using household level data for 1985-94. The data set used is a particularly rich, but as yet unexplored … households each year. The main findings are that the decline in consumption was larger for the working age households. The fall …

This chapter reviews empirical estimates of differential income and consumption growth across individuals during … recessions. Most existing studies examine the variation in income and consumption growth across individuals by sorting on ex ante … or contemporaneous income or consumption levels. We build on this literature by showing that differential shocks to …