smaller consumption losses in Spanish and Italian households. We discuss this finding in the light of different market and … indicate that in the South consumption should fall more than in the North when the male household head becomes unemployed. This …In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel …

. Further, while during earlier parts of our sample both a slowdown in consumption and investment growth contribute to a … reduction of GDP growth, during later parts, only the investment reaction contributes to the GDP slowdown. A variance … decomposition for consumption growth shows that the contribution of stock market volatility becomes negligible as we go from earlier …

the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our …The ‘saving for a rainy day’ hypothesis implies that households’ saving decisions reflect that they can (rationally … modus operandi is to investigate the ‘saving for a rainy day’ hypothesis by testing (weak) exogeneity of income and …

consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for … temporarily allow consumption to rise. Regarding housing returns, if housing assets are complementary to stocks, then investors … their consumption. …

deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for … future stock returns to be higher, they will temporarily allow consumption to rise. Regarding housing returns, if housing … substitutes consumption will be temporarily reduced. …

contributions, within-life (i.e. religious consumption) factors pin down a household’s average level of religious contributions over …-life investment value) and other consumption expenditures. If religious contributions do not have an after-life investment value, the … investment value from religious giving, individuals should allocate a greater share of their income to religious contributions as …

-being on health use identification strategies involving income increases; these studies as well as prior research on stock …

. In US election survey data, we find that income is more important in affecting voting behavior for more informed voters … strong correlation between income and political information, Congress representatives vote more conservatively, which is also …

attention in the literature on optimal income taxation. This paper offers a simple and transparent analysis of its main …