This paper presents a model of consumption and household production that takes into account substitution between health … related to marriage markets that could help explain consumption, including demand for medical care and good nutrition. These …

consumption-saving behavior. We construct a novel consumption-saving model where the household must infer the persistent component … marginal propensity to consume because the short run covariance between income growth and consumption growth increases when … can be identified from panel data on income and consumption. Finally, we estimate a high degree of knowledge in the Panel …

ex-ante homeowners who rate (cash-out) refinance an existing loan to increase savings (consumption) are significantly …

loan to increase lifetime savings are significantly more likely to underestimate their house value, while homeowners who … "cash-out refinance" an existing loan to fund current consumption are significantly more likely to overestimate their house …

This paper presents a model of consumption and household production that takes into account substitution between health … related to marriage markets that could help explain consumption, including demand for medical care and good nutrition. These …

In this paper we look at the relationship between health and income as mediated by "lifestyle" choices; that is, a set … of behaviours which are thought to influence health and are generally considered to invoke a substantial degree of free … choice. The main underlying assumption is that individuals are co-producers of their own health. We first present a …

able to take into account consumption dynamics. In the model, households derive utility from consumption, and they relate … their purchase behavior to consumption planning. We illustrate our model for yogurt purchases, and show that our model …

production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop … income of workers/consumers; and (iii) the consequent changes in consumption patterns. The model thus articulates the links … consumption patterns on the demand side. We first analyse the model's properties, via numerical simulations, for a given setting …