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 …

beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …

Evaluating a new survey dataset of German consumers, we test whether individual consumption plans are formed according … to an Euler equation derived from consumption life-cycle models. Estimating several consumption Euler equations, the … results are mostly in line with the theory: We find evidence of consumption smoothing, since individual current and planned …

within a period than to substitute composite consumption bundles over different time periods. … 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 …

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

Collective consumption decisions taken by the members of a household may prove inefficient. The impact on market …

This paper studies a married couple s dynamic investment and consumption choices under the assumption that the couple … cannot commit across time not to renegotiate their decisions. The inefficiencies that can arise are characterized. Efficiency … full efficiency. The effect of the inability to commit across time on the savings level is examined under a tractable …

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 …

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 …