-signaling can potentially crowd out the effect of consumption utility on choices. Two large-scale, randomized controlled field …

have a quantitatively important effect on real variables like output, consumption, investment, and hours worked. To … triggers a fall in output, consumption, investment, and hours worked, and a notable change in the current account of the …

different income and consumption measures of poverty, and consider explanations for the differences in trends. We document sharp … differences, particularly in recent years, between different income poverty measures, and between income and consumption poverty … and transfers has a substantial effect on poverty rate changes over the past two decades. Furthermore, consumption poverty …

fundamental value of the house they own exceeds the present discounted value of their planned future consumption of housing … is no pure wealth effect on consumption from a change in house prices if this represents a change in fundamental value …. There is a pure wealth effect on consumption from a change in house prices if this reflects a change in the speculative …

We estimate how the marginal utility of consumption varies with health. To do so, we develop a simple model in which … the impact of health on the marginal utility of consumption can be estimated from data on permanent income, health, and … proxy for utility with measures of subjective well-being. We find robust evidence that the marginal utility of consumption …

We investigate optimal consumption, asset accumulation and portfolio decisions in a realistically calibrated life …

aggregate consumption. The price-dividend ratio of this claim is the wealth-consumption ratio. Our estimates indicate that total … wealth is much safer than stock market wealth. The consumption risk premium is only 2.2 percent, substantially below the …

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 …

. In earlier work (Meyer and Sullivan, 2003) we emphasized that conceptual arguments generally favor using consumption data … to measure the well-being of the poor, and, on balance, data quality issues favor consumption in the case of single … mothers. Our earlier work did not show that income and consumption differ in practice. Here we further examine data quality …