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Attanasio, Orazio P. - 1998

Consumption is the largest component of GDP. Since the 1950s, the life cycle and the permanent income models have constituted the main analytical tools to the study of consumption behavior, both at the micro and at the aggregate levels. Since the late 1970s the literature has focused on versions...

Persistent link: https://www.econbiz.de/10012472339

Households' Response to the Wealth Effects of Inflation

Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas - National Bureau of Economic Research - 2023

We study the redistributive effects of inflation combining administrative bank data with an information provision … experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are … concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal assets, most are …

Persistent link: https://www.econbiz.de/10014372429

Estimating Life-Cycle Parameters from Consumption Behavior at Retirement

Laitner, John - 2005

Persistent link: https://www.econbiz.de/10012467522

Is Consumption Growth Consistent with Intertemporal Optimization? Evidence from the Consumer Expenditure Survey

Attanasio, Orazio P. - 1994

In this paper we show that some of the predictions of models of consumer intertemporal optimization are not inconsistent with the patterns of non-durable expenditure observed in US household-level data. Our results and our approach are new in several respects. First, we use the only US micro...

Persistent link: https://www.econbiz.de/10012474125

The Evolution of Brand Preferences : Evidence from Consumer Migration

Bronnenberg, Bart J. - 2010

We study the long-run evolution of brand preferences, using new data on consumers' life histories and purchases of consumer packaged goods. Variation in where consumers have lived in the past allows us to isolate the causal effect of past experiences on current purchases, holding constant...

Persistent link: https://www.econbiz.de/10012462389

Some Answers to the Retirement-Consumption Puzzle

Hurd, Michael D. - 2006

The simple one-good model of life-cycle consumption requires "consumption smoothing." According to previous results based on partial spending and on synthetic panels, British and U.S. households apparently reduce consumption at retirement. The reduction cannot be explained by the simple one-good...

Persistent link: https://www.econbiz.de/10012466612

The Intertemporal Allocation of Consumption : Theory and Evidence

Attanasio, Orazio P. - 1994

Liquidity constraints and, more generally, imperfections in credit markets, can be extremely important for the intertemporal allocation of consumption and have received a substantial amount of attention in the theoretical and empirical literature on consumption. In the first part of the paper I...

Persistent link: https://www.econbiz.de/10012474109

An analysis of postwar US consumption and saving

Boskin, Michael J.; Lau, Lawrence J.

Persistent link: https://www.econbiz.de/10000749312

The Consumption of Stockholders and Non-Stockholders

Mankiw, N. Gregory - 1990

Only one-fourth of U.S. families own stock. This paper examines whether the consumption of stockholders differs from the consumption of non-stockholders and whether these differences help explain the empirical failures of the consumption-based CAPM. Household panel data are used to construct...

Persistent link: https://www.econbiz.de/10012475631

Consumption

Hall, Robert E. - 1987

Macroeconomic research on consumption has been influenced profoundly by rational expectations. First, rational expectations together with the hypothesis of constant expected real interest rates implies that consumption should evolve as a random walk. Much of the research of the past decade has...

Persistent link: https://www.econbiz.de/10012476803

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