Showing 1 - 10 of 92
This paper studies the direct impact of households' debt on consumption over the business cycle. We use household … leverage, consumption, and asset prices. We find that debt levels exert a negative impact on consumption, which is particularly …' debt in past periods are not relevant in determining consumption; (ii) households adjust faster their consumption to debt …
Persistent link: https://www.econbiz.de/10013351761
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013351930
Panel data are rarely available for developing countries. Departing from traditional pseudo-panel methods that require multiple rounds of cross-sectional data to study poverty mobility at the cohort level, we develop a procedure that works with as few as two survey rounds and produces point...
Persistent link: https://www.econbiz.de/10014296571
Household consumption data are often unavailable, not fully collected, or incomparable over time in poorer countries …
Persistent link: https://www.econbiz.de/10014296617
act on their updated beliefs with a small increase in current consumption. Negative news from a scaled-down plan leads to …
Persistent link: https://www.econbiz.de/10014469438
) and consumption poverty. Our results show that the two measures assign similar poverty status to about 52 percent of …, we find that household size matters in consumption poverty while we do not find significant effects on multidimensional … poverty. Amongst the shocks, drought shock is found to affect consumption poverty but not multidimensional poverty. This …
Persistent link: https://www.econbiz.de/10010319576
The cost-of-living crisis has increased attention on consumption and how it differs for particular societal groups …. There is much theoretical evidence that consumption patterns of men and women should differ, but the empirical evidence is … scant, due in part to the availability of individual-level consumption data. This paper tackles the question of consumption …
Persistent link: https://www.econbiz.de/10014533837
Survey data on household consumption are often unavailable or incomparable over time in many low- and middle … demonstrating that survey-to-survey imputation can fill consumption data gaps and provide low-cost and reliable poverty estimates …-food consumption modules, imputation models including food or non-food consumption as predictors do well only if the distributions of …
Persistent link: https://www.econbiz.de/10014534008
countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce …
Persistent link: https://www.econbiz.de/10010261968
This paper finds declining consumption expenditure between paydays, for a typical household in the working population …
Persistent link: https://www.econbiz.de/10010262166