, consumption growth and wealth, and labor participation and wages. Each area involves treatment of heterogeneity and nonlinearity …

This study measures the extent to which Seoul's COVID-19 shopping coupon program affects individuals' consumption …. Unlike other COVID-19-related transfer programs, the Seoul Metropolitan government provides consumption coupons depending on …-in-differences method. We find that the program increased consumption by 18% while it was ongoing and by 6% afterward. We find substantial …

I examine the impact of happiness on consumption and savings behavior using data from the DNB Household Survey from the …

mechanisms? This paper shows that under perfect insurance, marginal utility should grow at the same rate for all consumers, and … that the distribution of measured consumption growth rates should be independent of variables that are exogenous to the … individual consumer when we allow for measurement error in consumption and for variation in preferences. This proposition is …

risk averse anymore even if utility from divisible consumption is concave. I propose a definition of insurance in the …Some consumption opportunities are both indivisible and only valuable in particular tates of nature. The existence of … such state-dependent indivisible consumption opportunities influences a person’s risk attitudes. In general, people are not …