A relatively strong performance of the North American stock markets during the last two decades, notwithstanding the sharp decline experienced in the year 2000 and beyond, has set the stage for an empirical investigation of the possible effects that stock wealth, among other variables, can have...

We examine a two-constraint Linear Approximate Almost Ideal Demand System with both money and time input in the resource constraints. Using Statistics Canada Food Expenditure Survey (FES) and General Social Survey-time use, a two sample two stage least square (2S2SLS) is applied in the data...

A method of testing the relative importance for consumption of risk sharing behavior and changes in current income is proposed and estimated using data across Canadian provinces. The focus of the estimation is less on whether or not the risk sharing model can be rejected than on how much each of...