In this paper, we estimate consumption in the first wave of the Eurosystem Household Finance and Consumption Survey for … a subset of countries that account for around 85% of the aggregate final consumption expenditure of households in the … questions on consumption asked to households participating in the survey and information on consumption collected in the …

consumption data. We develop a specific approximation to the optimal consumption growth rule and use Monte Carlo evidence to show …

countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce …

empirically the wage gap as well as consumption expenditure parity between public and private sector workers. It tests the … hypothesis that despite a lower level of public sector income in some of the quantiles, if the level of durable goods consumption … income among the public sector workers. The 2004-05 survey of income and consumption by workers in both private and public …

We investigate the relevance of aggregate and consumer-specific income uncertainty for aggregate consumption changes in … 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 …