This paper provides an update of Skinner (1987) predicted consumption measure for households in the Panel Study of …

By mapping households to US employers traded in the stock market and using daily spending data, we provide novel … uncertainty leads households to change their average monthly spending over the next 6-months by -0.95 percent. This negative … forecast horizon window, lasting nine months. The response is pronounced for low-liquidity households, and for households that …

indebted groups of households made larger cuts in spending following the financial crisis: spending cuts associated with debt … spending by indebted households after 2007 may reflect a combination of tighter credit conditions and increased concerns about …

standard life-cycle model. In our model, households can pay lower prices for the same consumption good if they allocate more …) households search more and pay lower prices compared to wealthier ones. As a result, consumption inequality is smaller than …

younger elderly members between 65 and 72 years old help in reducing the consumption of young members in their households, and … impacts of smaller households, urbanization, and economic growth on consumption for the PRC, based on our model. …