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 …

model in which identical households with Cobb-Douglas preferences for housing and numeraire consumption choose an MSA in …

relatively poor for both rural and urban areas across the states of India. The hypotheses that inequality impacts consumption …

This paper analyzes sin goods consumption when individuals exhibit present-focused preferences. It considers three …. We investigate the incentives to deviate from healthy consumption (the extensive margin). In the first model, the … extensive margin of consumption is independent of the degree of present-bias and naiveté. Likewise, in the latter frameworks …

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 …

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 …

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 …

This paper examines the measurement of social welfare, poverty and inequality taking into account reference …-dependence, loss aversion and diminishing sensitivity - aspects emphasized in Prospect Theory - to social welfare measurement. We … differences between standard poverty and inequality measures based on observed income and measures that are calculated based on …

We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption … profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across …-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display …

We assess to which degree an international transfer mechanism can enhance consumption risk sharing as well as … consumption as well as unemployment differentials. Following supply shocks, however, the cross-country transfer embodied in the …-spending shocks. Yet, since this trade-off between allocative efficiency and consumption risk sharing does not exist after certain …