matched employee-employer data from Brazil, we find that displaced workers eligible for both UI and SP increase consumption at … dissave the lump-sum progressively to smooth consumption after layoff. Using de-identified high-frequency expenditure data and … layoff by 35% despite experiencing a 17% consumption loss after they stop receiving any benefits. Moreover, this sensitivity …

changes in disposable income around the country's financial crisis in 2008, to plot the life-cycle path of consumption and … income for different education groups and to estimate the level of consumption smoothing. We split households into three … educated engage in more consumption smoothing than those without a university degree. We also construct a measure for marginal …

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 …

This paper shows that the combination of habit formation - present consumption creating additional consumption needs in …-best setting the optimal solution can be decentralized by a simple "Pigouvian" (paternalistic) consumption tax (along with suitable … lump-sum taxes). In a second-best setting, when personalized lump-sum transfers are not available, consumption taxes may …

It has long been argued that the anticipations of some future event will impact current consumption and well-being in … model, by assuming that in addition to his own current consumption, an agentś current utility depends upon a reference … consumption level that is based on expected future consumption. Two alternative specifications of the anticipated future …

with the higher consumption value. If he also puts more weight on the present than on the future, this effect is …

We propose an overlapping generations economy where households care about relative consumption, the difference between … their consumption and the consumption of their reference group. An individual's consumption is driven by the comparison of … consumption ; relative income hypothesis ; permanent income …

response to the forecasts, extrapolate to expectations about their personal economic circumstances and adjust their consumption …