Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent …

transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment … contracts offer severance compensation and sometimes give notice before dismissal. Severance compensation smoothes consumption … delay consumption falls to give incentives to the worker to search for another job. No dismissal delays are optimal if …

Using micro-level data, we examine the effects of Russia's 2001 flat rate income tax reform on consumption, income, and … assess the deadweight loss from personal income tax in the presence of tax evasion based on the consumption response to tax …

Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a … smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern … consumption expenditure at retirement generated by the model is zero, while the mean is negative, matching the HRS data. However …

This paper studies the direct impact of households' debt on consumption over the business cycle. We use household … leverage, consumption, and asset prices. We find that debt levels exert a negative impact on consumption, which is particularly …' debt in past periods are not relevant in determining consumption; (ii) households adjust faster their consumption to debt …

Household consumption data are often unavailable, not fully collected, or incomparable over time in poorer countries …

act on their updated beliefs with a small increase in current consumption. Negative news from a scaled-down plan leads to …