of an agent's level of consumption depends on his legal income and initial level of wealth, as conspicuous consumption by … consumption monitoring and wealth is observed, the effect of higher wealth on equilibrium bribes is ambiguous (and that the …There are a large number of cases where corruption has been discovered investigating levels of consumption that appear …

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 …A fall in house prices due to a change in fundamental value redistributes wealth from those long housing (for whom the …

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 … equity risk premium of 6.9 percent. As a result, the average US household has more wealth than one might think; most of it is …

factors behind the U.S. credit crisis. We show that a boom-bust cycle in debt, asset prices and consumption characterizes the …

Organization substantially overstate the appropriate level of consumption of these medications. Patients who don't adhere to …

This note develops a framework for thinking about the following question: What is the maximum amount of consumption … from the Imperial College London study, our answer is 41% of one year's consumption. If the mortality rate instead averages …

We examine how wealth shocks, in the form of inheritances, affect the mortality rates, health status and health … lifestyles that offset the benefits of increased medical care. Inheritances are associated with higher alcohol consumption, but …

initial wealth at retirement and mortality rates after retirement. I propose a simple but flexible theoretical framework that … converts benefits reform first into changes to retirees' consumption paths and then into a net effect on social welfare. I … value retirees place on protection against longevity risk is an important caveat to the widespread enthusiasm for a switch …