This paper studies the effect of combining different insurance schemes on the efficiency of consumption smoothing in an … (1988). The risk averse agent's savings play the role of a collateral, thereby improving consumption smoothing. Furthermore … savings and debt substitutable. If these assumptions are relaxed, consumption smoothing worsens but is still better than what …

, consumption and savings of households. It gives a measure of purchasing power within a consistent and integrated framework, which … surveys exist providing individual data on income and consumption. Those surveys are used to measure inequalities between … levels) have been combined to give a breakdown of income and consumption measured in the national accounts (for the year 2003 …

This paper examines consumption of televised sport from a socio-economic perspective and offers answers to several …

In this paper, we present a collective model with public consumption. It is based on the more general model of Lewbel …, Chiappori and Browning (2001). Rather than estimating a consumption technology, which captures all economies of scale of living … traditional equivalence scales. It is applied to consumption data from a recent Belgian budget survey. …