The behaviour of the permanent and transitory economic shocks for different levels of household's welfare is studied using both consumption and income measures. After testing for heteroskedasticity of the economic shocks, we use local polynomial regression models to estimate the variance of the...

Using a homogeneous and continuous utility function to represent a household's preferences, we show explicit algebraic ways to go from the indirect utility function to the expenditure function and from the Marshallian demand to the Hicksian demand and vice versa, without the need of any other...

This paper explores the determinants of the heterogeneity in the expenditure behaviors of the Italian households, using the Households Expenditure Survey provided by the Italian National Institute of Statistics (ISTAT) for the year 2005. We assume that differences among consumers are associated...

This study uses a new nationally representative dataset (National Financial Capability Study, 2009) to examine the association between individuals' financial literacy and their high-cost borrowing decisions. The results indicate that financial literacy is indeed negatively associated with...

We correct an analysis by Isik (2004) regarding the effects of uncertainty on the WTA-WTP gap. Isik presents as his primary result a proposition that the introduction of uncertainty regarding environmental quality improvements causes WTA to increase and WTP to decrease by identical amounts...

We ask how the strength of the link from values and attitudes and to pro-environmental behaviour varies across different consumption domains. We base our analysis on a survey of the Norwegian population, focusing on values, attitudes, and pro-environmental behaviour relating to waste, food,...

Habit formation in consumption has important implications for the effects of macroeconomic policies. Using micro data from the Japanese Panel Survey of Consumers (JPSC) for the period 1998-2004, an Euler equation à la Dynan (2000) allowing for time-nonseparablity in consumer preferences is...

The current study examines the political economy of collegiate dating markets by employing institution-level data from the national colleges and universities included in U.S. News & World Report's Best Colleges 2012. This is a more comprehensive sample than has been used in previous studies and...

This study analyses the determinants of both the decision to remit money and the total remittances by Nigerian migrants. The study distinguishes itself from other existing migration studies in Nigeria by focusing on the microeconomic determinants of remittances from both the sending and...