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

general panel date on total consumption from the intertemporal budget constraint. The distribution of consumption levels is … shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then …

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

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 …

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 …

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

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

to account for anticipation effects on consumption. We investigate this using high-frequency spending and balance sheet … with a standard buffer-stock consumption model, and implies that it is less effective to target stimulus to low liquidity …

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 …

of the processes generating income, social security wealth, retirement and consumption behaviour of households, and …