U.S. household consumption declined sharply in late 2008, marking a departure from the trend of a steady increase in U … will be sustained beyond the crisis: the U.S. household consumption rate will likely decline somewhat further from its …

-good framework, a quasi-luxury is de ned as a good whose marginal rate of substitution is increasing in wealth. Under certain …-necessities when they expect to be happier (unhappier) in the future. The preference for quasi-luxuries promotes optimal wealth …

wealth income ratio (WIR) and on the distribution of wealth (WD), in the life cycle (LC) "egalitarian" model. We depart from … Modigliani and Brumberg (1954) and Atkinson (1971) pioneering papers by assuming that the household, rather than the individual … saving) of the household change when children are born and until the latter join the labor force and form a new household …

-good framework, a quasi-luxury is de ned as a good whose marginal rate of substitution is increasing in wealth. Under certain …-necessities when they expect to be happier (unhappier) in the future. The preference for quasi-luxuries promotes optimal wealth …

better eye). Household expenditure was assessed through the collection of detailed consumption data, and asset ownership and … self-rated wealth were also measured. In total, 596 cases and 535 controls were included in these analyses (Kenya 142 cases …