Expenditure visibility--the extent to which a household's spending on a consumption category is noticeable to others …-average spending. Jointly, these visibility measures explain up to three quarters or more of the observed variation in total-expenditure …

related or not, even with the best data. We thus look at household finances and find that individuals delever upon retirement …

To what extent does household inequality affect the response of aggregate consumption to aggregate real shocks? We … first review two state-of-the-art papers with household heterogeneity and aggregate uncertainty. They teach us that having a …

between expectations of future job losses and the subsequent impact that these expectations have on household consumption … important impact on household consumption smoothing following a job loss. The second part of the paper finds that although a job … loss significantly reduces household consumption, there is little evidence that the degree to which households anticipate …

We measure the response of household spending to the economic stimulus payments (ESPs) disbursed in mid-2008, using … special questions added to the Consumer Expenditure Survey and variation arising from the randomized timing of when the …

Using a large survey panel that connects household shopping behavior with individual health information, this paper …