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 …

By how much do employed households reduce their consumption when the aggregate unemployment rate rises? In Spain during … of their expectations on future income growth rates: the shadow of unemployment. Using consumption panel data that … the Great Recession a 1 percentage point increase in the unemployment rate was related to a strong drop in household …