. We apply the estimator to the 2008 tax rebate and household consumption data, exploiting the randomized timing of … disbursements. We find a considerable degree of heterogeneity in MPCs, which varies by consumption good, and provide evidence on … results suggest that the partial equilibrium consumption response to the stimulus was twice as large as what is implied by …

distinguishing between consumption theories. Asking households about their intended spending under various scenarios, we find that 1 …

shift to greater consumption than intended is largely unexplained by presentbias or unanticipated shocks, and is likely a …

This paper sheds new light on the interactions between business cycles and the consumption distribution. We use … Consumer Expenditure Survey data and a factor model to characterize the cyclical dynamics of the consumption distribution. We … first establish that our approach is able to closely match business cycle fluctuations of consumption from the National …

post-schooling consumption? Our analysis of tuition, educational attainment, and debt patterns for nine youth cohorts …-percentage-point decline in homeownership for 28-to-30-year-olds over 2007-15 for these same nine cohorts. The results suggest that states that …

later, those residents have higher rates of consumption and homeownership and lower rates of bankruptcy and foreclosure than … after the hurricane, higher rates of insolvency and lower homeownership among inundated residents of New Orleans relative to …