wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …

wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …

We examine spending on consumption items which have signaling value in social interactions across groups with … distinctive social identities in India, where social identities are defined by caste and religious affiliations. The … classification of such items was done by eliciting responses to a survey in India. We match the results of our survey with nationally …

We examine spending on consumption items which have signaling value in social interactions across groups with … distinctive social identities in India, where social identities are defined by caste and religious affiliations. The … classification of such items was done by eliciting responses to a survey in India. We match the results of our survey with nationally …

of disposable income. We use household-level data to explain why households are postponing consumption despite rapid … income growth. Tracing cohorts over time indicates a virtual absence of consumption smoothing over the life cycle. The age … profile of savings has an unusual U-shaped pattern, with saving rates being the highest among the youngest and oldest …

act on their updated beliefs with a small increase in current consumption. Negative news from a scaled-down plan leads to …