general panel date on total consumption from the intertemporal budget constraint. The distribution of consumption levels is … shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then …

There is vast literature examining how households’ income and consumption change over the life cycle. These studies …

data. In this paper, we study differences between consumption predictions from a single agent model and "adult equivalent …" consumption predictions from a model where household size evolves deterministically over the life-cycle and affects individual … preferences for consumption. Using a theoretical model we prove that, under mild conditions, these predictions are different. In …

We collect 2,735 estimates of the elasticity of intertemporal substitution in consumption from 169 published studies … participation substitute a larger fraction of consumption intertemporally in response to changes in expected asset returns. Micro …

The effects of changes in wealth on consumption in Thailand are estimated, using a cross-sectional household survey … conducted in 2010. It is found that consumption, after conditioning for income and household characteristics, is increasing in … wealth, whether measured in terms of net worth or gross asset values. The estimated elasticity of consumption with respect to …

While it is common to use income uncertainty to explain household saving decisions, there is much disagreement about … the importance of precautionary saving. This paper suggests that income uncertainty is not an important motive for saving …

We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …

The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income … target, temporarily boosting saving. …