consumption-saving behavior. We construct a novel consumption-saving model where the household must infer the persistent component … marginal propensity to consume because the short run covariance between income growth and consumption growth increases when … can be identified from panel data on income and consumption. Finally, we estimate a high degree of knowledge in the Panel …

We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … collective households with consumption technologies that define the public and private nature of expenditures through Barten … scales. Our method recovers the technology by solely exploiting preference information revealed by households' consumption …

preferences and in the determination of optimal consumption and optimal bequests. We show how the consumption paths of dynasties … ; dynasties ; evolution of consumption ; evolution of bequests …

's desire to tilt, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the …

We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … collective households with consumption technologies that define the public and private nature of expenditures through Barten … scales. Our method recovers the technology by solely exploiting preference information revealed by households' consumption …

We study collective decisions by time-discounting individuals choosing a common consumption stream. We show that with …