working relatively few (weekly) hours, for instance, suffer from a spending shock of the type we analyzed: their consumption …

-specific increases in unemployment causes lower income groups to lower their total expenditure outlays, contrary to the prediction of the … textbook account of consumption behavior. In addition, in bad economic times these groups raise the share of their total … losses experienced by higher SES households are so small that there is, for them, little need to adjust consumption. …

in spending were common especially following unemployment. On average expectations about stock market prices and housing …

. We study private consumption choices focusing on former East Germany, where differential access to Western television was … significant impact of previous exposure to Western television on aggregate consumption levels. However, exposure to Western … broadcasts affects the composition of consumption, biasing choices in favor of categories of goods with high intensity of pre …

drop in mortgage defaults, an increase in new financing of durable consumption (auto purchases) of more than 10% in … relative terms, and an overall improvement in household credit standing. New financing of durable consumption by borrowers with … deleveraging response that can significantly restrict the ability of monetary policy to stimulate these households' consumption …

equally large increase in consumption inequality. Most researchers have studied this question using data from the Consumer … Expenditure Survey (CE) and some studies have suggested that the increase in consumption inequality has been modest. Unfortunately … to which definitive conclusions can be made about the extent to which consumption inequality has evolved over the last …