consumption. Measures of overall and sub-group poverty also sharply differ. In addition to examining broader populations and a …In the U.S., analyses of poverty rates and the effects of anti-poverty programs rely almost exclusively on income data …. In earlier work (Meyer and Sullivan, 2003) we emphasized that conceptual arguments generally favor using consumption data …

This paper formulates and estimates a household-level, billing-cycle water demand model under increasing block prices … that accounts for the impact of monthly weather variation, the amount of vegetation on the household's property, and … customer-level heterogeneity in demand due to household demographics. The model utilizes US Census data on the distribution of …

consumption across states of nature, one must also consider the assets' effects on households' ability to smooth consumption over … returns correlate negatively with income shocks) even though the assets offer identical opportunities to smooth consumption … be substantial (above 1% of certainty-equivalent consumption), the assets we consider can only mitigate a relatively …

The consumption beta theorem of Breeden makes the expected return on any asset a function only of its covariance with … changes in aggregate consumption. It is shown that the theorem is more robust than was indicated by Breeden. The theorem …

The traditional approach to poverty measurement puts no explicit weight on success at increasing the typical level of … living of the poorest--raising the consumption floor. To address this deficiency, the paper defines and measures the expected … value of the floor, allowing for transient effects and measurement errors in survey data. On using all suitable and …

We empirically test an information economics based theory of social preferences in which ego utility and self …-signaling can potentially crowd out the effect of consumption utility on choices. Two large-scale, randomized controlled field … a large price discount for the good. The combined evidence supports the self-signaling theory whereby price discounts …

consumption value of investment, information frictions, and credit constraints. In order to better determine which of these …

allocations, can be identified from data on household consumption and labor supply. We also argue that a measure based on …Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element …, measures of inequality that ignore intra household allocations are both incomplete and misleading. We discuss determinants of …