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 …

We extend the nonparametric ‘revealed preference’ methodology for analyzing collective consumption behavior (with … consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare … preferences of the group members (in terms of consumption externalities and public consumption); and we show that these testing …

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During … household which experiences an exogenous shock of 10% of its total income changes both its food and total non … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households …

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 lifecycle … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

If the marginal utility of consumption depends on health status, this will affect the economic analysis of a number of … marginal utility of consumption. Our basic conclusion is that while none of these approaches is a panacea, many offer the …

subcategories such as cereals, or meat and fish, and other consumption categories such as alcohol and tobacco, medical, and … ’consumption expenditure patterns. We find some differences in consumption patterns which relate to differences in gender of …

collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The … same non-testability conclusion holds for privateness (with or without externalities) or publicness of consumption. By …

Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife … approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from …

We examine spending on consumption items which have signaling value in social interactions across groups with … representative micro data on household consumption expenditures. We find that disadvantaged caste groups such as Other Backward … Castes spend nine percent more on visible consumption than Brahmin and High Caste groups while social groups such as Muslims …

sectors and over time in order to examine how household consumption responds to different types of positive income shocks … (regular tranches versus lump-sum payments). Focusing on single-earner households, we find evidence of consumption smoothing in … accordance with the Permanent-Income Hypothesis, since total and food consumption do not exhibit excess sensitivity to …