We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption … profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across …-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display …

In the present paper it will be estimated econometrically with panel data the change in household consumption structure …

the elderly will be developed, and related industries will be activated.In terms of consumption behavior, which is the … elderly comprise, how they spend on a family basis. This is because a significant portion of consumption spending, especially … consumption expenditure on goods, is often made on a family (household) basis. In this study, we examine the demographic changes …

Health-care slows the natural growth of mortality, indirectly increasing utility from consumption through longer … lifetimes. This paper solves the problem of optimal dynamic consumption and healthcare spending with isoelastic utility, when … natural mortality grows exponentially to reflect the Gompertz' law. Optimal consumption and healthcare imply an endogenous …

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 …

I show that conventional estimators based on the consumption Euler equation, extensively used in studies of … intertemporal consumption behavior, produce inconsistent estimates of the effect of children on consumption if potentially binding … children on consumption using the Panel Study of Income Dynamics (PSID) for the US and high quality Danish administrative …

marginal propensity to consume because the short run covariance between income growth and consumption growth increases when … consumption-saving behavior. We construct a novel consumption-saving model where the household must infer the persistent component … can be identified from panel data on income and consumption. Finally, we estimate a high degree of knowledge in the Panel …

consumption from its permanent level warranted by productivity—termed the consumption gap—comove with survey measures of consumer … sentiment and forecast stock returns in- and out-of-sample, subsuming other well-known consumption-based predictors. Using the … consumption gap to time the market, a mean-variance investor would achieve an annualized average certainty equivalent return of 2 …