While recently more and more research has focused on the aggregate response of consumption to income shocks, little is … known about how this response differs for households at different ends of the income distribution. This paper investigates … how consumption reacts to transitory and permanent shocks to disposable income for households with an income above or …

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During … income. Using representative panel data on urban households from the Russian Longitudinal Monitoring Survey, I find that a … household which experiences an exogenous shock of 10% of its total income changes both its food and total non …

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During … income. Using representative panel data on urban households from the Russian Longitudinal Monitoring Survey, I find that a … household which experiences an exogenous shock of 10% of its total income changes both its food and total non …