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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 …
Persistent link: https://www.econbiz.de/10011940006
for different "intensities" of consumption. Our analytical tool is quantile regression which allows us to describe the … example we use the demand for beer and wine. The paper shows quite distinct patterns regarding price and income effects for …
Persistent link: https://www.econbiz.de/10011516607
supply significantly and that their customers reduced both borrowing and consumption relative to customers in non …-exposed banks. The credit supply channel can explain roughly one third of the decrease in aggregate private consumption observed in …
Persistent link: https://www.econbiz.de/10013010472
preference theory. It measures willingness-to- pay for others’ consumption and willingness-to-pay for equality in consumption by … evaluating consumption externalities in monetary terms. We introduce an al- truism parameter and an inequality aversion parameter …
Persistent link: https://www.econbiz.de/10011801805
By how much do employed households reduce their consumption when the aggregate unemployment rate rises? In Spain during … consumption of more than 0.7% per equivalent adult. This reduction is the response of forward-looking agents to downward revisions … of their expectations on future income growth rates: the shadow of unemployment. Using consumption panel data that …
Persistent link: https://www.econbiz.de/10014037118
This paper uses firm-level data to investigate the resilience of the Portuguese wine sector's domestic market in the …
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