associated with responses to questions about income and consumption adequacy. Results show that isolation is associated with a … significant reduction in subjective assessments of income and consumption adequacy, even after controlling for consumption … consumption may seriously underestimate the subjective welfare cost of isolation, and hence will tend to bias downward the …

percentage increase in consumption levels that leaves individuals indifferent between, autarky and risk-sharing. The author … proposes to measure welfare gains as the increase in consumption growth, instead of consumption levels. When the consumption …, and it is robust to alternative specifications of the consumption stochastic processes (from geometric Brownian processes …

small impacts on mean consumption and inequality in the aggregate. There are both gainers and losers and (contrary to past … full de-protection. The diverse impacts reflect a degree of observable heterogeneity in consumption behavior and income …

This paper attempts to find support for the life-cycle model of consumption under the assumption that some consumers … are excluded from the credit market. An intertemporal model of consumption is put forward that allows a fraction of … consumers to be credit rationed. The model defines credit rationing as the constraints on consumption created by lack of access …

that are generated by catastrophic events or natural disasters. The author shows that despite high consumption growth, the … Caribbean region suffers from a high volatility of consumption that decreases household welfare. After presenting some empirical … evidence that consumption volatility is higher in the Caribbean region than in the rest of the world, he makes some empirically …

structural neo-classical model to analyze household production, consumption, time allocation and welfare. The purpose is to study … the effect on production, consumption, and time allocation of changes in education and wage rates. Most of the available … or consumption. This paper uses this indicator in an analysis of economic inequality. The methodological approach is …