The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income …

The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income …

This paper investigates the consumption-smoothing benefits of state workers' compensation (WC) programs. These programs … benefit generosity offsets the drop in household consumption upon injury by 3 to 5%. Moreover, my estimates imply that if … benefits were very low, the drop in consumption upon injury would be in the range of 30%. A model adapted from the literature …

We discuss recent developments in the literature that studies how the dynamics of earnings and wages affect consumption … choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption--highlighting the … contributions, distinguishing between papers that use only income data and those that use both income and consumption data. The …

based on consumer spending over eight decades mirrors the findings of the experimental studies: The consumption of products … consumption of products associated with achieving positive outcomes increases in expansions, but is unaffected by contractions …

ofthe consumer's role in the food system/commodity chainrequires more attention to consumption as a form ofpolitics. One way …. From thisapproach, organic milk consumption challenges rBGHfrom a ``Not-in-my-Body'' or ``NIMB'' politics of refusal … consumers participate in the formation of theindustry through a process of ``reflexive consumption.''An analysis of producer …

consumption choices. Additionally, new production process technologies, increased attention toward product ingredients, and …