income shocks to consumption. Log-earnings are the sum of a general Markovian persistent component and a transitory …. Consumption is modeled as an age-dependent nonlinear function of assets and the two earnings components. We establish the … nonparametric identification of the nonlinear earnings process and the consumption policy rule. Exploiting the enhanced consumption …

Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … so-called retirement consumption puzzle. Here, we expand on these studies by considering also retirement of the wife … approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from …

house prices on consumption documented in two papers using the same data set for the UK. On the one hand, Campbell and Cocco … impact on consumption across age groups, consistent with the so-called common factor hypothesis. First, we confirm that the … construction, and provide evidence that the functional form (i.e., an Euler equation of consumption vs. a reduced form life …

terms of both consumption and leisure time. Drawing on household panel data in rural Mexico, I find that migration increases … non-migrants' consumption, but that this consumption gain cannot be explained by labor supply adjustments. Migration …

information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …

women) can help explain measurable outcomes such as marriage formation, intra-marriage distribution of consumption goods …