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 …

We show individuals investments chase stock index returns and are financed by foregoing consumption, even after … foregone consumption occurs in the week after stock index returns are realized and are more pronounced for luxuries than … consumption, more consistent with theories of extrapolative expectations and loss aversion …

Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and …-wealth households cannot smooth consumption as much as other households do, which further implies that increasing wealth inequality … likely reduces aggregate consumption and limits economic growth …

combines Mexican and U.S. data to estimate a dynamic model of consumption, emigration and re-migration, accounting for … migrant. For lower-income migrants, a rise in Mexican wages leads to a more than proportional effect on consumption …

We study the effect of within-household mortality on the evolution of household per capita consumption. Relying on a … consumption caused by the death of a household member. Our findings indicate that a household's ability to smooth consumption … support for the hypothesis that the evolution of household consumption is not affected by within-household mortality. …

borrowing, budgeting, and introspection about consumption choices. These sessions reduce future online borrowing and delinquency …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing …, since most housing is not simply financed out of current cash holdings but by mortgages, the institutions on mortgage …

We use CHIP data from 1995, 2002, and 2013 to investigate inequality in urban household consumption expenditures …. Overall inequality in urban household consumption expenditures measured by the Gini coefficient decreased slightly from 0 … to a greater extent. However, the percentile ratio of p90/p10 shows that consumption inequality always increased. In …

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 …