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 …

changes in disposable income around the country's financial crisis in 2008, to plot the life-cycle path of consumption and … income for different education groups and to estimate the level of consumption smoothing. We split households into three … educated engage in more consumption smoothing than those without a university degree. We also construct a measure for marginal …

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 …

Using a macro quantile factor model, we examine cross-state (i.e., cross-quantile) heterogeneity in consumption … behaviors. We find that common macro factors generate a “big bang/crunch” effect on micro consumption. Generally speaking, when … the aggregate effect of the common factors on the consumption in low consumption-growth states is negative (resp. positive …

Using information in returns we identify the stochastic process of consumption – the crucial ingredient of most macro …-finance models. We find that aggregate consumption reacts over multiple quarters to innovations spanned by financial markets, and … this persistent component accounts for 26% of the consumption variation. These innovations drive most of the time series …

We document systematic and significant time variation in US lifecycle nondurable consumption profiles. Consumption … profiles have consistently become flatter: intergenerational differences in consumption across age groups have decreased over … heterogeneity masks relevant time variations and may artificially generate hump-shaped consumption age profiles. The main driver …

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 …

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 …

wealth. These changes causally affect actual consumption and hypothetical debt decisions. Our findings suggest real wealth … mediates the sensitivity of consumption to inflation once households are aware of the wealth effects of inflation. …