of an agent's level of consumption depends on his legal income and initial level of wealth, as conspicuous consumption by … consumption monitoring and wealth is observed, the effect of higher wealth on equilibrium bribes is ambiguous (and that the …There are a large number of cases where corruption has been discovered investigating levels of consumption that appear …

wealth-consumption ratio is much higher than the price-dividend ratio on stocks throughout the post-war period. The high …"To measure the wealth-consumption ratio, we estimate an exponentially affine model of the stochastic discount factor … US consumption. Our estimates indicate that total wealth is much safer than stock market wealth. The consumption risk …

poverty, examining alternative income poverty and consumption poverty, which have conceptual and empirical advantages as … measures of the well-being of the poor. We find that both income and consumption poverty are sensitive to macroeconomic … of 0.9 to 1.1 percentage points in the long-run, and an increase in the consumption poverty rate of 0.3 to 1.2 percentage …