In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with … smaller consumption losses in Spanish and Italian households. We discuss this finding in the light of different market and …

This paper extends the standard model of the life cycle consumption, saving and labor supply in a number of direction. …

-rich households consume a larger share of their current income when exposed to a higher top income and consumption levels. We argue …

We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of … wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital …

In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is … lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment … benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries …

payments (e.g. tax rebates) are spent on non-durable household consumption in the quarter that they are received. We develop a … Finances. A version of the model parametrized to the 2001 tax rebate episode is able to generate consumption responses to …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

The consumption behaviour of UK, US and Japanese households is examined and compared using a modern Ando …-Modigliani style consumption function. The models incorporate income growth expectations, income uncertainty, housing collateral and … credit availability for UK and US but not Japanese households has undergone large shifts since 1980. The average consumption …

Under efficient consumption risk sharing, as assumed in standard international business cycle models, a country …’s aggregate consumption rises relative to foreign consumption, when the country’s real exchange rate depreciates. Yet, empirically …, relative consumption and the real exchange rate are essentially uncorrelated. I show that this ‘consumption-real exchange rate …