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

estimate of risk aversion ? and the time preference discount rate ? perindividual. This can be done because the consumption of …

This paper explores whether and why the pandemic differentially altered women and menÕs consumption behavior. After … the 2020 wave of lockdown restrictions were lifted, women reduced consumption more than men. Data on self-reported reasons …. Women report financial constraints more frequently. Men adapted more to the limited consumption possibilities during the …

consumption insurance. Based on insights from a theoretical model, we propose a new test to detect advance information, which … requires only panel data on consumption and income. Using the Panel Study of Income Dynamics, we find---in contrast to the … results imply that 27% of all unexpected income changes are passed through to consumption. Ignoring advance information leads …

, it is shown that government expenditures can cause a rise in private consumption, real wages, and employment if the … to decline. Households are willing to raise consumption if monetary policy is active, i.e. ensures that the real interest … rate rises with inflation. Otherwise, private consumption can also be crowded-out, as in the conventional case where …

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 …

The ratio of consumption to total household wealth (i.e., tangible assets plus unobserved human wealth) is commonly … relationship between consumption, assets and earnings (i.e., the variable "cay"). The evidence in favor of a stable cointegrating … unobserved component model applied to US data over the period 1951Q4-2016Q4. The regression of consumption on assets and earnings …

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 …