This paper examines consumption of televised sport from a socio-economic perspective and offers answers to several …

horizon. Liquidity constrained individuals optimally (i) postpone consumption in early age and (ii) experience permanent … consumption increases whenever the constraint binds. The equilibrium interest rate and asset prices are characterized under very … contributions of the paper include (i) a new characterization of the consumption-portfolio problem of constrained individuals …

consumption and leisure. The econometric analysis uses panel data, and therefore it differs from existing econometric studies that …

This paper studies the effect of combining different insurance schemes on the efficiency of consumption smoothing in an … (1988). The risk averse agent's savings play the role of a collateral, thereby improving consumption smoothing. Furthermore … savings and debt substitutable. If these assumptions are relaxed, consumption smoothing worsens but is still better than what …

, consumption and savings of households. It gives a measure of purchasing power within a consistent and integrated framework, which … surveys exist providing individual data on income and consumption. Those surveys are used to measure inequalities between … levels) have been combined to give a breakdown of income and consumption measured in the national accounts (for the year 2003 …