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

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 …

our model is consistent with two key features of aggregate consumption dynamics that are difficult to match with … representative agent models: (i) the sensitivity of aggregate consumption to predictable changes in aggregate income and (ii) the … relative smoothness of aggregate consumption. Second, we extend the model to feature capital-skill complementarity and show how …

on debt composition. Based on a simulation exercise, we find a limited effect of wealth shocks on consumption inequality …. An increase in stock prices tends however to slightly increase consumption inequality, especially at the top of the …

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 …

In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel … smaller consumption losses in Spanish and Italian households. We discuss this finding in the light of different market and … that credit and insurance markets are also more developed in the North than in the South, existing theories of consumption …

By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance … gains and report greater propensities to consume. A standard optimal consumption choice model, enriched with a rational but …