exponential utility allows us to derive an explicit relationship between optimal money holdings, the household?s desire to tilt …, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the correlation between …

's desire to tilt, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the …

-level heterogeneity is household size, as individuals living in multi-member households have the potential to share goods within the …

-level heterogeneity is household size, as individuals living in multi-member households have the potential to share goods within the …

-level heterogeneity is household size, as individuals living in multi-member households have the potential to share goods within the …

requires, should be easy to empirically disprove: since household-consumption choices differ for households with more members …

-level heterogeneity is household size, as individuals living in multi-member households have the potential to share goods within the …

-level heterogeneity is household size, as individuals living in multi-member households have the potential to share goods within the …

consumption commitment for most households { their monthly rent or mortgage payment. I find that non-durable and food spending … increase with 30-48% on the day housing payments are made, with smaller increases in the days after. Moreover, households with … weekly, biweekly and monthly income streams but the same timing of rent/mortgage payments have very similar consumption …