Through certainty equivalent consumption (CE) measures, we show that dispersion of current earnings, expenditures, and … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from … higher consumption, with most of the losses accruing after 2000. …

article provides a nuanced take on consumer credit by exploring the interaction between consumption, borrowing, and class … idea that borrowing is undertaken mainly for conspicuous consumption, the article's findings show that middle- income … families in Chile borrow to consume 'ordinary' goods. Through the consumption of these goods, the Chilean middle classes seek …

With 20 years of PSID data, we document persistent racial differentials in life-cycle consumption dynamics. Starting … from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income … the Whites to prevent them from falling in the lower part of the consumption distribution. …

in meaningless cycles of consumption. …

for the extent of cross‐country asymmetries in aggregate consumption responses to changes in the real interest rate …. Across groups with different housing tenure, we find that the consumption response of homeowners to interest rate changes …

growth of income and consumption through endogenous technological progress in terms of knowledge capital, human capital, good …