The ratio of consumption to total household wealth (i.e., tangible assets plus unobserved human wealth) is commonly … financial liberalization which, by relaxing liquidity constraints of consumers, has permanently increased the consumption-to-wealth … ratio over the sample period. We calculate an alternative "cay" variable, i.e., the stationary part of the consumption-to-wealth …

consumption-pattern based inequality index that summarizes the projection of inequality through expenditure patterns. Estimation … a significant relationship between representative consumption and cross-country demand patterns. …

direct monetary cost and the indirect health cost (value of health lost) of unhealthy consumption. The health cost increases … with wealth and the degree of unhealthiness, leading wealthier individuals to consume more healthy and moderately unhealthy … provide an explanation for behavioral differences, and ultimately health outcomes, between wealth groups. …

consumption changes in the US over the period 1952-2001. Theoretically, the effect of labour income risk on consumption changes is … consumption changes. A more important part of aggregate consumption changes is explained by the unobserved component. The …

This paper uses housing returns to estimate the elasticity of intertemporal substitution (EIS) in consumption for ….e., equity and bill returns. An estimable regression equation for aggregate consumption growth and returns is obtained from the … aggregation of the consumption Euler equations of heterogeneous agents. As the regression equation includes unobserved omitted …

the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to … expectations of future income and consumption growth rates. We investigate whether these expectations suffice to explain the shifts … in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more …

in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large …-term sectoral consumption shifts may occur. …