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 propose a novel approach to model joint consumption decisions of individuals who care for each other. We assume non …-cooperative interaction between the different individuals and the within-group consumption outcome critically depends on the degree of caring … between the group members. By varying the degree of caring, the model encompasses a whole continuum of group consumption …

general panel date on total consumption from the intertemporal budget constraint. The distribution of consumption levels is … shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then …

transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

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 …

This report summarises key stylised facts from the first wave of the Eurosystem Household Finance and Consumption … 62,000 households. The report presents results on household assets and liabilities, income, and indicators of consumption …

consumption and portfolio choice with non-tradeable human capital …

-household allocations, can be identified from data on household consumption and labor supply. We also argue that a measure based on …