We use direct evidence on credit constraints to study their importance for household consumption growth and for welfare … who are currently unconstrained and who are able to borrow if needed, consumption responds to transitory income. …. We distentangle the direct effect on consumption growth of a currently binding credit constraints from the indirect …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK … households to increase durable purchases. …

We use a new panel dataset of credit card accounts to analyze how consumers responded to the 2001 federal income tax … credit card payments and thereby paying down debt. But soon afterwards spending increased, counter to the canonical Permanent-Income … $200 cumulatively over the nine months after rebate receipt, which represents over 40% of the average household rebate …

-specific labor markets. Households differ in labor incomes and asset markets are incomplete. I show that household heterogeneity …. To quantify the importance of household heterogeneity in amplifying stickiness, I estimate and compare representative and …This paper introduces heterogeneous households into an otherwise standard sticky-price model with industry …

transitory changes in house-hold income and expenditure. Our data consist of a longitudinal sample of subsistence farmers in … transitory changes in household income is positive on average, but that the impact decreases with age and being male. For female … children, a ten percent increase in household income implies an increase in body weight with about 0.4 kilo. The body weight of …

Study of Income Dynamics) data. We study the implications of two processes for household, post-tax earnings in a standard … individual-pre-tax and household-post-tax earnings and across administrative (Social Security Administration) and survey (Panel …). Allowing for richer earnings dynamics implies a substantially better profit of the evolution of cross-sectional consumption …

(Survey of Health, Ageing and Retirement in Europe) project. A measure of the household's disposable annual income is used …This paper studies income poverty among the 50+ population in 10 EU countries using newly collected data from the SHARE …. Relative income poverty range from 10 percent (in Sweden) to 22 percent (in Switzerland). Logistic regression estimates show …

effect is entirely driven by an increase in mortality among low income individuals, who are more likely to experience …

effect is entirely driven by an increase in mortality among low income individuals, who are more likely to experience …