Consumption is the largest component of GDP. Since the 1950s, the life cycle and the permanent income models have … constituted the main analytical tools to the study of consumption behaviour, both at the micro and at the aggregate level. Since … the literature to estimate preferences is the lack of a ‘consumption function’. A challenge for future research is to use …

This paper investigates consumption-behavior heterogeneity across consumption growth levels by analyzing microdata from …) S-shaped utility to consumption behaviors with a simple mean regression method that doesn't require specifying the … reference points of consumption. We find that the lower and upper quantiles of micro-level consumption growth generally exhibit …

It is often claimed that technology improves product quality, which in turn increases consumption although the product …

consumption commitment for most households { their monthly rent or mortgage payment. I find that non-durable and food spending … weekly, biweekly and monthly income streams but the same timing of rent/mortgage payments have very similar consumption …

This paper focuses on whether households facing economic scarcity tend to change consumption priorities as measured by … feast-related goods, indicating a "feast and famine" consumption strategy. Nevertheless, spending on food with label claims …