The availability of quantity information along with expenditure information in some household surveys allows the …

Many budget surveys present the interesting features that for a wide range of goods they contain quantity information … along with expenditure information, and that the geographical location of households is fairly precise. We take advantage of …

review of literature focuses particularly on the life cycle issues of consumption behaviour. …Simple life cycle and permanent income hypotheses imply that changes in consumption should be unforecastable. Rational … forward-looking agents ought to smooth consumption over the life cycle and exhaust the asset stock accumulated during the …

average time allocation. Thus, information about the order of activities is lost. Therefore, it is impossible to describe the …

This paper investigates the impact of peer observation on the consumption decisions of rural households in Thailand … deviation in their decisions. Thus, we find evidence for conformity. Further, we find that individual's consumption choice is …

We follow Fuhrer (2000) in estimating via Maximum Likelihood a log-linear consumption function on UK data. In doing so … habits look more internal in that they appear indexed to past average consumption of only a subset of (peer) consumers in the … economy, rather than total past per capita consumption. We also find that for about one seventh of UK consumers, current …