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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
We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption … profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across …-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display …
Persistent link: https://www.econbiz.de/10012177052
Over the last 15 years, the typical household has increasingly concentrated its spending on a few preferred products. However, this is not driven by "superstar'' products capturing larger market shares. Instead, households increasingly purchase different products from each other. As a result,...
Persistent link: https://www.econbiz.de/10012899817
Over the last 15 years, the typical household has increasingly concentrated its spending on a few preferred products. However, this is not driven by “superstar” products capturing larger market shares. Instead, households increasingly purchase different products from each other. As a result,...
Persistent link: https://www.econbiz.de/10012848329
'Consumption risk sharing' refers to the ability of agents to insure or protect their consumption against shocks to … presents the evidence for consumption risk sharing by UK consumers, both across regions of the United Kingdom (intranationally … their income, for example, by borrowing and lending or holding claims on foreign equity. So measuring the extent of risk …
Persistent link: https://www.econbiz.de/10014055637
We estimate the degree of "stickiness" in aggregate consumption growth (sometimes interpreted as reflecting consumption … habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high … degree of autocorrelation, with a stickiness parameter of about 0.7 on average across countries. The sticky-consumption …
Persistent link: https://www.econbiz.de/10003778438
We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption … habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high … degree of autocorrelation, with a stickiness parameter of about 0.7 on average across countries. The sticky-consumption …
Persistent link: https://www.econbiz.de/10003735948
households are estimated to change their consumption by significantly more in reaction to temporary and unanticipated falls in …), concerns about credit market access and higher subjective risk of lower future income account for a sizable share of this … important implications for predicting the response of aggregate consumption to expansionary and contractionary macroeconomic …
Persistent link: https://www.econbiz.de/10012963144
We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption … habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high … degree of autocorrelation, with a stickiness parameter of about 0.7 on average across countries. The sticky-consumption …
Persistent link: https://www.econbiz.de/10012770257
We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption … habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high … degree of autocorrelation, with a stickiness parameter of about 0.7 on average across countries. The sticky-consumption …
Persistent link: https://www.econbiz.de/10013316561