and household welfare. We estimate Euler equations and measure the volatility of unpredictable changes in consumption as …, and document that despite the increase in household debt between 1983 and 2007, there was no decline in the proportion of …

This paper examines whether relative income and income inequality within reference groups affect household consumption …. Using the explanations of consumption behavior based on Dusenberry's relative income hypothesis, we test if household … consumption levels in Turkey are affected by the household's relative position and inequality in the reference group between 2005 …

examines the relationship of household rice and noodle consumption in the Philippines. Results show that noodles are already a … relationship with their own prices and positive relationship with respect to household income which supports the idea that both … rice and noodles are normal goods. A number of significant variables on the characteristics of household heads suggest the …