income, a large increase in measured consumption as a fraction of GDP, and a shift toward more unequal income distribution … is largely due to increased borrowing by lower-income households who sought to maintain rising consumption in the face of … stagnant incomes; this increased consumption in turn played an important role in maintaining aggregate demand. In this paper, I …

This paper provides new empirical insights on the joint distribution of consumption, income, and wealth (CIW) in three … transmission from income to consumption inequality, which suggests the presence of powerful institutions that favor consumption …

. For a sample of 32 developed and developing countries, we show that aggregate consumption temporarily increases in the …

, is rarely discussed. In this paper we discuss the rise of top-end inequality and its effects on household consumption …, saving, and debt for the 1920s by applying a non-standard theory of consumption, the relative income hypothesis, to the … period of interest. We argue that income inequality is linked to the increase of household consumption and the simultaneous …

-looking status comparisons following the relative income hypothesis of consumption. The strength of consumption emulation depends on …