This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During … household which experiences an exogenous shock of 10% of its total income changes both its food and total non … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households …

on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …

In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that … incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for … the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …

This paper finds declining consumption expenditure between paydays, for a typical household in the working population …

expenditure or their consumption of directly child-related goods and services. Instead, eligible mothers stayed out of the labor …

. We find that the household's experience of a family related shock is positively associated with the participation in …

in a model with non-durable and durable consumption. The stock of the durable is exposed to risk against which households … because agents can time-diversify their risk. Market insurance implies welfare gains of around .6% in terms of non …-durable consumption. Introducing labor income risk into the model does not necessarily increase the importance of market insurance if the …

consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare …We extend the nonparametric 'revealed preference' methodology for analyzing collective consumption behavior (with … preferences of the group members (in terms of consumption externalities and public consumption); and we show that these testing …

This paper examines the effect of international migration on the welfare of family members left behind at the origin … provides a new unified framework that generates testable predictions of whether migration increases non-migrants' welfare in … terms of both consumption and leisure time. Drawing on household panel data in rural Mexico, I find that migration increases …