wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …

wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …

effects. I show that introducing credit in a general model of intertemporal consumption creates a boom in consumption and … reduces poverty initially, but eventually reduces mean consumption because credit substitutes for precautionary wealth. Using … increased access to bank branches in rural India increased consumption initially and reduced poverty, but consumption later fell …

: vulnerability to poverty, investment, and consumption smoothing. Even though we cannot find a significant effect on vulnerability … consumption. The extent of both effects is also economically significant. Our results hold for alternative specifications and …

The mismatch between credit repayments and income seasonality poses a challenge for microfinance institutions (MFIs …) working in developing countries. For instance, in northern Bangladesh, income and consumption downfalls during the lean season … laborers suffer the most owing to this seasonality as they face difficulties in smoothing their consumption. However, in …

identification of non monetary constraints that influence consumption behaviour and its evolution. We find that while the evolution … of constraints varies across consumption categories, there is a common tendency towards smaller differences in …

The purpose of this Paper is to test for the presence of habit formation in consumption decisions using household panel … investigate if the relationship between current and past consumption reflects habits or heterogeneity. Our results confirm the … importance of accounting for fixed effects when analysing intertemporal consumption decisions allowing for time non …