related or not, even with the best data. We thus look at household finances and find that individuals delever upon retirement …

This paper studies the implications of household financial choices for the effects of monetary policy on consumption … income ratios by education and country. The policy functions based upon the estimation are used to characterize the … heterogeneity in consumption responses, monetary policy, operating through its effects on household income and asset market returns …

related or not, even with the best data. We thus look at household finances and find that individuals delever upon retirement …

The classic Working-Leser household Engel curve is unpacked to reveal individual budget allocations across commodities … as a function of both individual and household total spending. Two main findings emerge on calibrating our model to an … unusual sub-household dataset for Senegal. First, for all except education spending, our results are consistent with the …

changes. We find that (i) the welfare cost of household-level consumption fluctuations may be overstated by 1.7 percentage …

points) is identified. The theory predicts war to be more likely when resource and group concentration are high, and the …

risk. Economic theory suggests that when background risk rises, individuals will reduce their exposure to other risks. This … paper presents a test of this theory by examining the effect of medical expenditure risk on the willingness of elderly …

To what extent does household inequality affect the response of aggregate consumption to aggregate real shocks? We … first review two state-of-the-art papers with household heterogeneity and aggregate uncertainty. They teach us that having a …

with information on the reallocation of resources within, from, and to the household sector in response to macroeconomic … events. The household sector is both a propagator of shocks to the economy, as wealth is redistributed across households with … of information on household exposures to macroeconomic risk factors - can potentially lead to better macroeconomic …