Using life insurance holdings by age, sex, and marital status, we infer how individuals value consumption in different …

This paper examines the link between income and consumption inequality. We create panel data on consumption for the … Survey. We document a disjuncture between income and consumption inequality over the 1980s and show that it can be explained …

condition relating the strength of habits to the evolution of consumption over time. When the condition is estimated with food … consumption data from the Panel Study on Income Dynamics (PSID), the results yield no evidence of habit formation at the annual … and services consumption created by combining PSID variables with weights estimated from Consumer Expenditure Survey data. …

consumption compares to a "habit stock" determined by past consumption, an otherwise-standard growth model can imply that …

We investigate the size of the consumption drop at retirement in Italy by exploiting pension eligibility information to … retirement consumption drop. (JEL D91, E21, J26, J31) …

enabled Danish house owners to use housing equity as collateral for consumption loans. We find that the magnitude of the …

experiment, I analyze the validity of the life-cycle consumption model. I derive three stylized features concerning the saving …