on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …

We study infrequent durables stock adjustment by consumers who also derive utility from non-durable consumption flows …

A method of testing the relative importance for consumption of full insurance behaviour and changes in income is … consumption. Both types of behaviour are found to be statistically significant, but the full insurance model is found to explain … considerably more of the growth in consumption than changes in income do. …

This paper provides evidence on the relevance of the collection mode for the analysis of consumption data for the … figures from consumption reports obtained with diaries markedly differ from those obtained using recall data. We then exploit … features of the distribution of consumption (not just its mean). Finally, we show how to purge the expenditure measurements …

If some consumers are liquidity-constrained, aggregate consumption should be ‘excessively sensitive’ to credit … United Kingdom and the United States, we find a substantial impact of credit aggregates on consumption in all countries … considered. Moreover, the borrowing/lending wedge is a significant determinant of consumption in Canada, Japan and the United …

The purpose of this Paper is to test for the presence of habit formation in consumption decisions using household panel … investigate if the relationship between current and past consumption reflects habits or heterogeneity. Our results confirm the … importance of accounting for fixed effects when analysing intertemporal consumption decisions allowing for time non …