consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of … money on long run reallocations of consumption expenditures among durables, nondurables, and services. The time series …This paper tests for long run effects of money on real expenditures in the U.S. over the 1959-2002 period. Real …

) and constructs three classes of indicators that capture the quality of leisure ('pure leisure', 'co-present leisure' and … 'leisure fragmentation') to show that the relative growth in leisure time enjoyed by less-educated individuals documented in … previous studies has been accompanied by a relative decrease in the quality of that leisure time. These results are not driven …

are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …

are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities. … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …

Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a … smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern … consumption expenditure at retirement generated by the model is zero, while the mean is negative, matching the HRS data. However …

hypothesis that despite a lower level of public sector income in some of the quantiles, if the level of durable goods consumption … empirically the wage gap as well as consumption expenditure parity between public and private sector workers. It tests the … income among the public sector workers. The 2004-05 survey of income and consumption by workers in both private and public …

panel data on family income, and an index of investments in children in time and goods, from the Children of the National …