We investigate the relevance of aggregate and consumer-specific income uncertainty for aggregate consumption changes in … the US over the period 1952-2001. Theoretically, the effect of income risk on consumption changes is decomposed into an … that aggregate income risk explains a negligible fraction of the variance of aggregate consumption changes. A more …

We investigate the relevance of aggregate and consumer-specific income uncertainty for aggregate consumption changes in … the US over the period 1952-2001. Theoretically, the effect of income risk on consumption changes is decomposed into an … that aggregate income risk explains a negligible fraction of the variance of aggregate consumption changes. A more …

We investigate the relevance of aggregate and consumer-specific income uncertainty for aggregate consumption changes in … the US over the period 1952-2001. Theoretically, the effect of income risk on consumption changes is decomposed into an … that aggregate income risk explains a negligible fraction of the variance of aggregate consumption changes. A more …

We investigate the relevance of aggregate and consumer-specific income uncertainty for aggregate consumption changes in … the US over the period 1952-2001. Theoretically, the effect of income risk on consumption changes is decomposed into an … that aggregate income risk explains a negligible fraction of the variance of aggregate consumption changes. A more …

, but below $60,000 households become increasingly precautionary. Income uncertainty is unrelated to the level of precaution …

Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the … volatility and varies over the business cycle. While typical models of intertemporal consumption fix the credit limit, I …

Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the … volatility and varies over the business cycle. While typical models of intertemporal consumption fix the credit limit, I …

Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the … volatility and varies over the business cycle. While typical models of intertemporal consumption fix the credit limit, I …