Different family types may have a fixed flow of consumption costs, related to subsistence needs. We use a survey method … direct questions about the linkup between aggregate disposable family income and well-being for different family types … of consumption are embedded in welfare evaluations of respondents. More precisely, we find that the formalized …

Different family types may have a fixed flow of consumption costs related to subsistence needs. We use a survey … making direct questions about the linkup between aggregate disposable family income and well-being for different family types … evidence that fixed costs of consumption are embedded in welfare evaluations of respondents. More precisely, we find that the …

Household consumption exhibits economies of scale as the number of household members increases. We collect survey data … from two countries, Germany and France, in order to obtain direct subjective estimates of household consumption economies … of scale, and, in particular, to examine an additional dimension: whether household consumption economies of scale change …

Recent studies in high-income industrialized countries have shown that equivalence scales are income-dependent. We …

Household consumption exhibits economies of scale as the number of household members increases. We collect survey data … from two countries, Germany and France, in order to obtain direct subjective estimates of household consumption economies … of scale, and, in particular, to examine an additional dimension: whether household consumption economies of scale change …

We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical …

features from the poor hand-to-mouth. Last, they have larger consumption responses to income fluctuations than non hand …The wealthy hand-to-mouth are households who are poor in liquid wealth (e.g., cash and checking accounts) and rich in … illiquid wealth (e.g., housing and retirement accounts), while the poor hand-to-mouth are poor in both wealth. Data from the …