This paper explores the hypothesis that the propensity to consume out of income varies in a non-linear fashion with …

estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico … attributed to biases in the price deflator. The estimated unmeasured income gains are higher for poorer households, implying … marked reductions in "real" inequality. These findings challenge the conventional wisdom that post-reform income growth was …

a fall in their asset income by saving more out of their labor income, dollar-for-dollar. In the wake of the crisis, our …

attributed a decline in its per capita income ranking since 1970 to "eurosclerosis" or sluggish growth caused by distortionary …

income. We use household-level data to explain the postponing of consumption despite rapid income growth. Tracing cohorts …