This paper studies why investors buy dividend-paying assets and how they time their consumption accordingly. We combine … administrative bank data linking customers' consumption transactions and income to detailed portfolio data and survey responses on … financial behavior. We find that private consumption is excessively sensitive to dividend income. Investors across wealth …

consumption-saving and housing tenure decisions. We embed an explicit intergenerational link between children and parents to …

We consider a class of additively time-separable life-cycle consumption-savings models with iso-elastic per period … power utility featuring resistance to inter-temporal substitution of θ with linear consumption policy functions. The utility …

Can concern with relative standing, which has been shown to influence consumption and labor supply, also increase … effects on borrowing: (i) debts, unlike conspicuous consumption, are often hidden from peers, and (ii) location is missing in …

Swedish policy reform that eliminated interest-only mortgages for loan-to-value ratios above 50%. We document substantial …

consumption commitment for most households { their monthly rent or mortgage payment. I find that non-durable and food spending … weekly, biweekly and monthly income streams but the same timing of rent/mortgage payments have very similar consumption …

beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …