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 …

women. Here, using a randomized controlled trial, we examine whether access to an individually-held commitment savings …

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 …

We examine a randomized trial that allows separate identification of peer screening and enforcement of credit contracts …

. We study private consumption choices focusing on former East Germany, where differential access to Western television was … significant impact of previous exposure to Western television on aggregate consumption levels. However, exposure to Western … broadcasts affects the composition of consumption, biasing choices in favor of categories of goods with high intensity of pre …

This paper sheds new light on the interactions between business cycles and the consumption distribution. We use CEX … consumption data and a factor model to characterize the cyclical dynamics of the consumption distribution. We first establish that … our approach is able to closely match business cycle fluctuations of consumption from the National Account. We then study …