This paper develops a comprehensive measure of household economic well-being. The "sustainable consumption" concept … accounts for income, assets, debt, transfer payments, and asset returns to estimate a consumption path that balances resources … with expenditure over a household's lifetime. Calculating sustainable consumption using Panel Study of Income Dynamics data …

inverse of IES and on risk aversion but the first seems to play a more important role. The paper also attempts to understand …

Recessions and expansions are often caused or reinforced by developments in private consumption - the largest component … cyclical component of consumption and an understanding of its drivers is essential. We estimate US cyclical consumption using a … cyclical consumption variable to that of univariate measures such as the recently introduced cc variable by Atanasov et al …

producing human capital. We also demonstrate that this attenuation effect tends to concentrate generational consumption risk … into an i.i.d. generational consumption shock. In other words, each generation bears all of the risk associated with their …

Economic policy uncertainty is proven to have an important effect on household consumption. However, the literature on … its transmission mechanism and on comparing the consumption response of urban and rural households, especially in China … consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China …

proposed. These expectation adjustments generate highly heterogenous consumption responses to income windfalls: many households … previous explanations for these effects, including consumption adjustment cost and liquidity constraints. At the aggregate … level, consumption is less sensitive to expansionary policies during recessions and its excess smoothness varies …

I papiret undersøges anvendeligheden af en ikke-parametrisk metode, en såkaldt regression spline, til estimation af … necessary to acquire identification. Specifically, we show that a regression spline of consumption on income and assets yields a …

Exploring dynamics of household final consumption is an important concern for policy-makers. Turkey had witnessed … various financial shocks and crises over the last two decades. These turbulent economic periods affected consumption behaviour … and therefore, other macroeconomic variables. In this paper, we examine the linkage between household final consumption …