on consumption. Using modern panel data econometric techniques and quarterly data for the period 1990:1-2008:2, we show … countries; (iii) housing wealth effects have increased for Asian coutries in recent years; and (iv) consumption reacts stronger …

In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that … incorporates household consumption and family labour supply decisions. We derive analytical expressions based on approximations for … the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …

the US over the period 1952-2001. Theoretically, the effect of income risk on consumption changes is decomposed into an … that aggregate income risk explains a negligible fraction of the variance of aggregate consumption changes. A more …We investigate the relevance of aggregate and consumer-specific income uncertainty for aggregate consumption changes in …

). Allowing for richer earnings dynamics implies a substantially better profit of the evolution of cross-sectional consumption … inequality over the life cycle and of the individual-level degree of consumption insurance against persistent earnings shocks …. Richer earnings dynamics also imply lower welfare costs of earnings risk, but, as the canonical earnings process, do not …

In this paper, we present data on recent trends in private consumption and in possible determinants of private … consumption (such as GDP, household incomes, household saving rates, household wealth, and employment conditions) in the Group of … consumption growth rates but also in the determinants of private consumption growth during the 2002-07 period. With respect to …

The share of private consumption in gross domestic product is significant; therefore, private consumption has a great … different forecasting models for private consumption. The first part of the paper focuses on the aggregate consumption. The … forecasting models for the components of private consumption. Private consumption can be divided by the duration principle or by …