This paper focuses on whether households facing economic scarcity tend to change consumption priorities as measured by … feast-related goods, indicating a “feast and famine” consumption strategy. Nevertheless, spending on food with label claims …

We consider a consumption model that takes into account the valuation and demand uncertainties that consumers face … consumer electronics, and club memberships. We demonstrate that consumption is affected by contract structure (pay-peruse vs …. three part tariffs) even if the optimal consumption plans are identical. We find that a majority of individuals correctly …

How much and over what horizon do households adjust their consumption in response to stock market wealth shocks? We …

By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance … large majority of subjects indeed have a bias in the perception of wealth, such that balance sheet composition matters: for … implies greater perceived wealth. The predominance of this bias is explained by low cognitive sophistication and great …

This paper examines how households adjusted their consumption behavior in response to COVID-19 infection risk during … the early phase of the pandemic. We use a monthly consumption survey specifically designed by the German Statistical … Office covering the second wave of COVID-19 infections from September to November 2020. Households reduced their consumption …

consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … fiscal impulses increase private consumption, but when households are highly indebted, patterns change, and increased … government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to …

We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using … savers. We find symmetric effects on durable consumption, mainly driven by mortgagors with high debt burden or limited access …

utility services. My findings also indicate households are more willing to substitute housing and nondurable consumption … stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by … nondurable consumption and housing. I reach a similar conclusion for some separate consumption categories, such as food and …