The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …

The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that … impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature …

This paper examines the effect of minimum wage changes on local aggregate inflation and consumption growth. The paper …-wage workers. Interestingly, consumers adjust their real food consumption when minimum wages rise, suggesting that some workers …

adults missing from credit bureau data act as a drag on state-level consumption growth. This finding seems to be driven by …

find that consumption  declines  90 cents per dollar lost to the tax increase, and  rises  60 cents per additional tax …

effect) or the household's borrowing constraint so that consumption rises toward the level implied by the consumption Euler … affecting household spending through the borrowing collateral channel and not the pure wealth effect channel. The consumption of … equity, while the consumption of unconstrained households is little changed. © 2013 The President and Fellows of Harvard …