It is well established that consumption is “hump” shaped over an individual's lifecycle, peaking in middle age and then … declining in the years that follow. Prior research has documented that consumption declines at retirement, which is inconsistent … with the standard lifecycle model with consumption smoothing. Using a unique dataset with detailed administrative records …

exogenous unanticipated income shock. Consumption rose significantly after the fiscal policy announcement: during the ten … liquid assets or with low credit card limit experienced stronger consumption responses …

Singapore suggest liquidity shocks drive personal bankruptcy decisions, leading to a substantial drop in consumption for the …Using a large, representative sample of credit and debit card transactions in Singapore, this paper studies the … consumption response of individuals whose same-building neighbors experienced personal bankruptcy. The unique bankruptcy rules in …

This paper exploits an administrative regulation in Singapore that allows individuals to withdraw between 10 to 30 …

households reduce their consumption in order to finance a tax-favored saving instrument using a unique administrative panel data … consumption by US$25 (5.2%) per month on average in order to finance the tax-favored saving account. For a one dollar increase in …

to account for anticipation effects on consumption. We investigate this using high-frequency spending and balance sheet … with a standard buffer-stock consumption model, and implies that it is less effective to target stimulus to low liquidity …

policy on consumption and debt repayment behavior. The complex policy imposes two types of soft liquidity constraints for … theory of liquidity constraints and consumption (Carroll and Kimball 2005). Our results show that a well-designed credit card …

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 …