This paper studies consumption and labor supply in a model where agents have partial insurance and face risk and … consumption are solved for analytically. We prove that all parameters of the structural model are identified given panel data on … wages and hours, and cross-sectional data on consumption. The model is estimated on US data. Second moments involving hours …

lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment …, can explain this disparity. In this chapter we present some estimates of the loss of consumption suffered by unemployed …In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is …

responsive to unemployment when using regional variation. Low percentiles of both income and consumption are sensitive to … from the Current Population Survey and consumption data from the Consumer Expenditure Survey. This new evidence on the … poverty, examining alternative income poverty and consumption poverty, which have conceptual and empirical advantages as …

In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … indicate that in the South consumption should fall more than in the North when the male household head becomes unemployed. This … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with …

Standard consumption models assume a notional consumption flow that does not distinguish between nondurable and durable … consumption. Such notional-consumption models generate notional marginal propensities to consume (MPC). By contrast, empirical … durable stock. We compare the notional-consumption model to an isomorphic model with a durable stock, and map notional MPCs …

private-sector consumption in the high-budget-deficit economy of Israel during the first half of the 1980s. The paper develops … and estimates an intertemporal optimizing model of consumption choice by finite-lived individuals. The evidence supports …

The effects on consumption and retirement of characteristics of the life cycle, especially the length of the horizon …-cycle effects on consumption and retirement are estimated jointly for 1973 and 1975. There is a weak small effect of a more distant … reducing consumption; goods and leisure are consumed jointly, suggesting their complementarity in household production; and …