This article examines the potential risks on consumption behavior of lumpsum payments. As a pension, lump-sum payments … could be consumed too fast and generate an increase of poverty rates. We experimentally investigate consumption behavior in … an inter-temporal decision-making setting. Subjects make consumption and saving decisions in an environment with two …

, pressures that have been exacerbated by rising income and wealth inequality. The progressive consumption tax is one possible …

We document relevant racial differences in the degree consumption insurance against shocks: Blacks appear to be less …

With 20 years of PSID data, we document persistent racial differentials in life-cycle consumption dynamics. Starting … from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income … the Whites to prevent them from falling in the lower part of the consumption distribution. …