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 …

ex-ante homeowners who rate (cash-out) refinance an existing loan to increase savings (consumption) are significantly …

"cash-out refinance" an existing loan to fund current consumption are significantly more likely to overestimate their house …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …

Using individual-level credit card data from a Singapore financial institution, this paper investigates the …

households' consumption expenditures and their perceived pass-through of the tax change into prices to quantify its effects. The … consumption spending by 34 billion Euros. …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might be a fallacy of composition. Such models ignore that changes in housing wealth … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …

high-quality measures of consumption expenditures. Home ownership leads households to increase spending and to smooth … consumption in the wake of an adverse income shock. We also find a positive but short-lived effect on labor supply …

We set up and solve a rich life-cycle model of household decisions involving consumption of both perishable goods and …, and portfolio constraints. The model features habit formation for housing consumption, which leads to optimal decisions …) that perishable consumption is more sensitive to wealth and income shocks than housing consumption, and (iv) that non …