Cooper, Daniel; Cynamon, Barry Z.; Fazzari, Steven M. - 2023 - This version: July 2023
This paper develops a comprehensive measure of household economic well-being. The "sustainable consumption" concept … with expenditure over a household's lifetime. Calculating sustainable consumption using Panel Study of Income Dynamics data … demonstrates that it acts as an anchor for actual household spending. Results show that following a period of rapid growth from the …