I show that conventional estimators based on the consumption Euler equation, extensively used in studies of … intertemporal consumption behavior, produce inconsistent estimates of the effect of children on consumption if potentially binding … children on consumption using the Panel Study of Income Dynamics (PSID) for the US and high quality Danish administrative …

Using unique consumer financial transactions of more than 56,000 consumers, we study the consumption response to a …-in-differences analysis, we find a significant negative consumption response to the policy shock. Moreover, the consumption response is … precautionary saving motive. These results suggest that a decrease in access to home equity reduces the role of housing as a self …

This paper studies the transmission of wage shocks into consumption across families that exhibit unobserved preference … heterogeneity. Heterogeneity and preferences over consumption and family labor supply are nonparametric. I show that any moment of … the joint distribution of policy-relevant wage elasticities of consumption and labor supply is identified separately from …

consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …

annual total (non -durable) consumption of 8.5 ] 9 (5.5 -5.7) cents. There is evidence of effects on food spending. Responses … other factors) for consumption falls in Italy in 2007/08. …

Although the link between household size and consumption has strong empirical support, there is no consistent way in … deterministic changes in household size and composition affect optimal consumption decisions. We show theoretically that the …. However, our quantitative analysis demonstrates that differences in predictions for consumption are negligible across models …

There is vast literature examining how households’ income and consumption change over the life cycle. These studies …

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 …

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 …

targeting household consumption and debt and might lead to regressive redistribution from low- to high …