We propose a single-factor asset pricing model based on an indicator function of consumption growth being less than its … it is located approximately one standard deviation below the conditional mean of consumption growth. Our single … preferences, and question the effectiveness of the smooth utility framework, which is traditionally used in consumption …

that household consumption drops after a child moves out of a household, while at the same time, per capita consumption …

of publicly available data on Ukrainian households' income, savings, and taxes paid in 1996-2019. The analysis was …