working hours. We find that the income shock from the Million's Lottery positively affects household consumption for durable … are new in the literature, as these violate the Permanent Income Hypothesis. Moreover, when we estimate the Engel curves … expenditures due to the £30.000 lottery. Neither do we find significant changes in hours worked due to both lottery income shocks …

We investigate whether US households possess advance information about their future income and what this means for … requires only panel data on consumption and income. Using the Panel Study of Income Dynamics, we find-in contrast to the … incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …

. Using a novel dataset from the emerging economy of Kazakhstan we find that internal migrants earn an income and status …

alternative approach is to use the accounting identity that total household spending is equal to income plus capital gains minus … on income and wealth to other administrative data with information on financial and real estate transactions. Using this … second is a study of the transmission of income shocks to household consumption. …

decomposing disposable income into labour, property and transfer income is essential for understanding and forecasting consumption …. Finally, substantial crosscountry heterogeneity in marginal propensities to consume out of income and wealth components calls …

. Using a novel dataset from the emerging economy of Kazakhstan we find that internal migrants earn an income and status …

. Using a novel dataset from the emerging economy of Kazakhstan we find that internal migrants earn an income and status …. -- absolute and relative welfare ; income ; status consumption ; signaling model ; conspicuous consumption ; adaptation ; internal …

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During … income. Using representative panel data on urban households from the Russian Longitudinal Monitoring Survey, I find that a … household which experiences an exogenous shock of 10% of its total income changes both its food and total non …

There is vast literature examining how households’ income and consumption change over the life cycle. These studies … investigating the life cycle profiles and relative income mobility in a transition economy, facing rapid structural economic and … social changes, such as Poland. It is shown that, in contrast to the US, where income inequality over the life cycle follows …

income than to rises of the same size. Household balance sheet characteristics (including the presence of a savings buffer …), concerns about credit market access and higher subjective risk of lower future income account for a sizable share of this …