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

I examine the impact of happiness on consumption and savings behavior using data from the DNB Household Survey from the …

distinguishing between consumption theories. Asking households about their intended spending under various scenarios, we find that 1 …, suggesting it is unlikely that short-term credit constraints drive high propensities to consume. Furthermore, people do cut … somewhat forward-looking. A calibrated two-asset life-cycle precautionary savings model can account for these features of …

We document relevant racial differences in the degree consumption insurance against shocks: Blacks appear to be less …

With 20 years of PSID data, we document persistent racial differentials in life-cycle consumption dynamics. Starting … from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income … the Whites to prevent them from falling in the lower part of the consumption distribution. …

lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …

saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher … expectations (rather than consumption realizations, as in the existing literature) in an Euler equation for consumption, and … estimate the degree of prudence by associating expected consumption risk with expected consumption growth. Robust OLS and IV …

saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher … expectations (rather than consumption realizations, as in the existing literature) in a Euler equation for consumption, and … estimate the degree of prudence by associating expected consumption risk with expected consumption growth. Robust OLS and IV …

saving motive by eliciting subjective expectations on future consumption. We find that expected consumption risk is higher … expectations (rather than consumption realizations, as in the existing literature) in a Euler equation for consumption, and … estimate the degree of prudence by associating expected consumption risk with expected consumption growth. Robust OLS and IV …

consumption-saving behavior. We construct a novel consumption-saving model where the household must infer the persistent component … marginal propensity to consume because the short run covariance between income growth and consumption growth increases when … can be identified from panel data on income and consumption. Finally, we estimate a high degree of knowledge in the Panel …