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

. 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 …

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 …

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 …

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 …

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. …

takes into account endogenous reactions and consumption smoothing of households. We use the methodology to study the impact …

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 …