One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low …-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome … households. Using household level data on debt accumulation during 2001-2012, we show that low-income households in high …

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

nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The …, monotonicity is testable for the model that assumes all household consumption is public. …We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the …

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

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 … preferences of the group members (in terms of consumption externalities and public consumption); and we show that these testing …

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 analyze dynamic interactions between market insurance, the stock of insurable assets and liquid wealth accumulation … in a model with non-durable and durable consumption. The stock of the durable is exposed to risk against which households … in which households own abundant liquid wealth. It turns out that precautionary motives still matter because of …

effects. We exploit the unique design of an aid program's experimental trial to identify its indirect effect on consumption … negative idiosyncratic shock, because of the program liquidity injection, thus they can reduce their precautionary savings. We …