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 …

most of them focus on income or earnings inequality. In this paper, we investigate the consumption disparity between urban … consumption disparity. The price effect is the dominant factor for the urban-rural consumption disparity. This disparity increased … this increase was mainly from the higher growth rate of urban household consumption. Our results also suggest that rural …

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 …

effects, particularly among urban households. Per capita consumption fell by 12.6%, raising poverty by 5.5 percentage points … consumption (10% or 43 to 108 fewer calories per person per day) and reduced expenditures on basic durables. These effects are …

, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …

stochastic simulation of consumption choices in a nonstationarity environment is used to show the robustness of the method for …

expenditure or their consumption of directly child-related goods and services. Instead, eligible mothers stayed out of the labor …

Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife … approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from …