different for singles and individuals living in couples. To fulfill this aim, we test the impact of personality on preferences …

than permanent income; habit persistence; and non-separability in preferences over consumption and leisure. The data appear … most consistent with non-separable preferences over consumption and leisure …

specifications and broadly consistent with the notion that households' preferences are reference-dependent …

I incorporate expectations-based reference-dependent preferences into a dynamic stochastic model to explain three major … consumption to allow his reference point to decrease. Second, the preferences generate a hump-shaped consumption profile. Early in … in future consumption. Additionally, I obtain several new predictions about consumption; compare the preferences with …