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 …

states in the UI expansion to estimate the consumption response to extended UI benefits. We estimate that an additional week … of UI increased household consumption by a statistically significant 1.68 percent. Consistent with the hypothesis that … propensity to consume out of UI benefits in the range of 0.59-0.91, which is larger than existing estimates of the consumption …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …

This paper sheds new light on the interactions between business cycles and the consumption distribution. We use … Consumer Expenditure Survey data and a factor model to characterize the cyclical dynamics of the consumption distribution. We … first establish that our approach is able to closely match business cycle fluctuations of consumption from the National …

This paper investigates how different income shocks shape consumption dynamics over the business cycle. First, we break … in aggregate consumption over the two most recent crises. We find that the income shocks experienced during the 2008 …, with the 2011-2012 shocks being perceived as more permanent. This helps explain why consumption falls less during the …

annual total (non -durable) consumption of 8.5 ] 9 (5.5 -5.7) cents. There is evidence of effects on food spending. Responses … other factors) for consumption falls in Italy in 2007/08. …

This paper investigates how income shocks shape consumption dynamics over the business cycle. First, we break new … matches the observed consumption patterns well. Finally, using counterfactual model simulations, we assess the importance of … cohort effects, and show how they individually shaped consumption dynamics over that period in the Netherlands …

spending shocks affect individuals differently over the life cycle. Young households increase their consumption after an … consumption. …