available at the household level, and individuals living in multimember households have the potential to share goods within the …

, TARCH, NARCH, APARCH, EGARCH) to analyze quarterly time series of GDP and Government Consumption Expenditures & Gross …

consumption changes in the US over the period 1952-2001. Theoretically, the effect of labour income risk on consumption changes is … consumption changes. A more important part of aggregate consumption changes is explained by the unobserved component. The …

realizations is front loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form … life-time wealth and then the optimal consumption path. The derived model captures precautionary saving, which is dependent ….S. consumption data. …

Data from the 2009 Internet Survey of the Health and Retirement Study show that many U.S. households experienced large … consequence of these shocks, many households reduced substantially their expenditures. For every 10% loss in housing and financial … the sample between households who think that the stock market is likely to recover in a year’s time, and those who do not …

This paper examines the effect of minimum wage changes on local aggregate inflation and consumption growth. The paper …-wage workers. Interestingly, consumers adjust their real food consumption when minimum wages rise, suggesting that some workers …

consumption demand are significant. The estimated responses are largest for households with relatively low liquid wealth and low … Consumer Expenditure Survey, we exploit this historically unique experiment to measure the change in consumption expenditures … caused by receipt of the rebate and to test the Permanent Income Hypothesis and related models. We find that households spent …