We document relevant racial differences in the degree consumption insurance against shocks: Blacks appear to be less …

With 20 years of PSID data, we document persistent racial differentials in life-cycle consumption dynamics. Starting … from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income …, and wealth are three key drivers of these different dynamics. Blacks tend to save less, and hence have less buffer than …

. Consumption and money demand applications illustrate the method. …

increased their consumption. Finally, the rapid increase in housing prices in 1985-86 may have been an important determinant of …

wealth, has been superior to the Euler equation in explaining the development of Norwegian aggregate consumption over several …A dynamic consumption function, where consumption in the long run is determined by households' disposable income and … deregulation and the current international financial crisis. In the current version, long run consumption is homogeneous in income …

theoretical prediction of a simple model, determines a much lower amount of savings and wealth accumulation and therefore a lower … degree of insurance. This, in turn, contributes to persistent racial differentials in life-cycle consumption.Starting from … the same position in the consumption distribution Blacks end up in a lower percentile than Whites after a few decades …

A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the … the change in wealth over the period. The goal of this paper is to examine the advantages and difficulties of using this … consumption expenditure, we combine several data sources from Norway over the period 1994-2014. This allows us to link tax records …

analysis of the relation between old-age pensions and private consumption. Norwegian macro-data for socioeconomic groups of … households are used to estimate consumption functions for workers and pensioners. We find no effects from various approximations … of expected pension-income to consumption for workers, but results indicate some influence from labour-income uncertainty …