general panel date on total consumption from the intertemporal budget constraint. The distribution of consumption levels is … shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then …

Recent theoretical contributions have suggested consumption externalities, or peergroup effects, as a potential … intertemporal consumption choice is a completely open question. To shed some light on the issue, we derive an extension of the … standard life-cycle model that allows for consumption externalities. The analysis is complicated by the challenge of …

general panel date on total consumption from the intertemporal budget constraint. The distribution of consumption levels is … shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then …

Recent theoretical contributions have suggested consumption externalities, or peergroup effects, as a potential … intertemporal consumption choice is a completely open question. To shed some light on the issue, we derive an extension of the … standard life-cycle model that allows for consumption externalities. The analysis is complicated by the challenge of …

estimate a life-cycle model of marriage, labor supply and divorce under limited commitment to better understand the mechanisms …

The consumption literature uses adult equivalence scales to measure individual level inequality. This practice imposes … the assumption that there is no within household inequality. In this paper, we show that ignoring consumption inequality … scales underestimates the level of cross sectional consumption inequality by 30%, as large differences in the earnings of …

-durable) consumption of 5-9 (3.5-6) cents. There is evidence of effects for food spending. Responses of total and non-durable spending to … (relative to other factors) for consumption falls in 2008/09. Thus wealth effects on consumption can be important for households …

consumption independence. Within this class and in the absence of any functional form restrictions on instantaneous preferences … consumption choices. …

level of living standards in both working life and retirement. We use a life-cycle model of consumption and saving to … private retirement saving. In this paper, we present the first assessment of the optimality of the retirement resources of …