We model consumption and labor supply behavior of a couple in a non-cooperative setting. Using minimal assumptions, we …

This chapter reviews empirical estimates of differential income and consumption growth across individuals during … recessions. Most existing studies examine the variation in income and consumption growth across individuals by sorting on ex ante … or contemporaneous income or consumption levels. We build on this literature by showing that differential shocks to …

general panel date on total consumption from the intertemporal budget constraint. The distribution of consumption levels is … shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then …

This paper aims to test the microfoundations of consumption models and quantify the macro implications of heterogeneity … in consumption behavior. We propose a new empirical method to estimate the sensitivity of consumption to permanent and … sensitive to income shocks than those who stand to gain. Following a 1 percentage point rate increase, we estimate consumption …

This paper studies consumption and savings decisions of Danish households before and during the financial crisis as … consumption ratios immediately in response to the financial crisis, net savers have increased their consumption ratios to pre … housing wealth, suggesting that collateral effects may play a role. The MPC is asymmetric; households adjust their consumption …

This report summarises key stylised facts from the first wave of the Eurosystem Household Finance and Consumption … 62,000 households. The report presents results on household assets and liabilities, income, and indicators of consumption …

This paper explores the microfoundations of consumption models and quantifies the macro implications of consumption … heterogeneity. We propose a new empirical method to estimate the response of consumption to permanent and transitory income shocks … than those that stand to gain. Following a 1-percentage-point interest rate increase, we estimate that consumption growth …

This report summarises the stylized facts from the fourth wave of the Eurosystem Household Finance and Consumption … household assets and liabilities, income, and indicators of consumption and credit constraints. …

-44 year-old winning; (iii) losses were quite uniform across consumption quantiles because rigid rents served as a hedge for …