of impatience measure the same behavioral characteristic. We conduct experiments in which we elicit discount rates using …

Using regression discontinuity design we study a change in household consumption-related expenditures in Russia and …

This paper studies the consumption decisions of agents who face costs of acquiring, absorbing and processing … consumption plans. In between updating dates, they remain inattentive. This behaviour implies that news disperses slowly … throughout the population, so events have a gradual and delayed effect on aggregate consumption. The model predicts that …

<p>In this paper we investigate the size of the consumption drop at retirement in Italy. We use micro data on food and … total non-durable household spending covering the period 1993-2004, and evaluate the change in consumption that accompanies … decision. We take a regression discontinuity approach, and make the identifying assumption that consumption would be the same …

persistence hypothesis, and (ii) to review thetheory of addiction with a focus on issues of relevance to the theory of consumption. …

We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a … consumption by about 11%. Households at the top end of the covariance distribution who are likely to have owned large homes before …

The relationship between temporary terms of trade shocks and household saving in developing countries is examined. It … is first shown that, from a theoretical standpoint, this relationship is ambiguous: private saving may rise or fall in … private saving to transitory terms of trade shocks. …

what drives saving in Latin America. The studies cover Argentina, Chile, Colombia, Mexico, Peru, Uruguay, and Venezuela and … span a variety of topics ranging from assessing the impact of financial liberalization on saving to determining the role of … terms of trade shocks. Many of the studies also employ new data sources, that provide a better understanding of the saving …

hyperbolic discounting (a behavior that consists of impatience now but projected patience in the future). By incorporating both …