This paper finds declining consumption expenditure between paydays, for a typical household in the working population …

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 lifecycle … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

We extend the nonparametric ‘revealed preference’ methodology for analyzing collective consumption behavior (with … consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare … incorporates the possibility of assignable quantity information. This characterizes collective rationality in terms of feasible …

countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce …

in a model with non-durable and durable consumption. The stock of the durable is exposed to risk against which households …-durable consumption. Introducing labor income risk into the model does not necessarily increase the importance of market insurance if the …

subcategories such as cereals, or meat and fish, and other consumption categories such as alcohol and tobacco, medical, and … ’consumption expenditure patterns. We find some differences in consumption patterns which relate to differences in gender of …

collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The … same non-testability conclusion holds for privateness (with or without externalities) or publicness of consumption. By …

on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …

We examine spending on consumption items which have signaling value in social interactions across groups with … representative micro data on household consumption expenditures. We find that disadvantaged caste groups such as Other Backward … Castes spend nine percent more on visible consumption than Brahmin and High Caste groups while social groups such as Muslims …