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 …

different income and consumption measures of poverty, and consider explanations for the differences in trends. We document sharp … differences, particularly in recent years, between different income poverty measures, and between income and consumption poverty … and transfers has a substantial effect on poverty rate changes over the past two decades. Furthermore, consumption poverty …

We investigate the stochastic relation between income and consumption (specifically, consumption of food) within a … panel of about 2,000 households. Our major findings are: 1. Consumption responds much more strongly to permanent than to …, independent of our model of consumption, rejects a central implication of the pure life cycle-permanent income hypothesis. The …

stimulate aggregate demand. We investigate whether "unconventional" fiscal policy, in the form of pre-announced consumption tax …

varied dramatically across regions. House prices, consumption and unemployment remain below pre-crisis levels in about half … house prices, consumption, and employment. Our findings have implications for mortgage market design, monetary policy pass …

This paper examines the relationship between household balance sheets, consumer purchases, and expectations. We find … expectations are robustly correlated with spending. We then construct a formal model of durables and nondurables consumption with … an explicit role for unemployment and for household debt. We find that the model is capable of explaining several …

, using data from the Panel Study of Income Dynamics, we document the patterns of household income, consumption and wealth …The goal of this chapter is to study how, and by how much, household income, wealth, and preference heterogeneity …. Motivated by this evidence, we study several variants of a standard heterogeneous household model with aggregate shocks and an …

-making processes across households (the "why"). The combination of the quantitative estimation of household response dynamics with a … qualitative exploration of the mental models employed during financial decisions provides a more complete view of household … showing significant variability. However, MPDs play a critical role in household financial adjustments and display …

We use panel data from the Italian Survey of Household Income and Wealth from 1991 to 2016 to document empirically what … components of the household budget constraint change in response to shocks to household labor income, both over shorter and over … components, modest changes in consumption expenditures, and large changes in wealth. We then split the sample in households which …