From beginning of the eighties decade, with the arrival of the neoliberalism to Mexico, the familiar homes have experimented an adjustment in their income and expenses composition. These adjustments are linked directly to the changes in the labour and the reform of the State, and both are the...

Most of the empirical work in the Euler equation tradition in the consumption literature, has tested the hypotheses of Excess sensitivity and LIquidity constraints, with the sample selection based on a single exogenous criterion. Such a method will give misleading inferences, if the sample...