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From 1996 to 2006, China’s oil consumption growth far exceeded that of all major consuming countries. China’s average growth in oil consumption over the time period 2000 to 2006 was estimated to b...
Exercise-induced muscle damage (EIMD) is accompanied by localized oxidative stress / inflammation which, in the short-term at least, is associated with impaired muscular performance. Dietary antioxid...
This paper considers a consumption-based asset pricing model where housing is explicitly modeled both as an asset and as a consumption good. Nonseparable preferences describe households’ concern wit...
The theory of intertemporal consumption choice makes sharp predictions about the evolution of the entire distribution of household consumption, not just about its conditional mean. In the paper, we ...
The impact of food assistance programs (food stamps) in a period of rising income inequality in the US is analyzed using 1978-1992 PSID data. We assess to what extent food assistance can be viewed...
We test for precautionary saving and excess sensitivity of consumption to predicted income growth using a 1989}1993 panel survey of Italian households that has measures of subjective income and in#a...
There is a lively debate in the U.S. regarding trends in inequality over the last 40 years, and about its causes and consequences.
Recent research has documented that income inequality in the United States has increased dramatically over the prior three decades. There has been less of a consensus, however, on whether the increa...
Consumption decisions are crucial determinants of business cycles and growth. As a share of US gross domestic product (GDP) personal consumer expenditure has grown steadily since the early 1970s t...
We discuss recent developments in the literature that studies how the dynamics of earnings and wages a§ect consumption choices over the life cycle. We start by analyzing the theoretical impact of in...
We review different empirical approaches that researchers have taken to estimate how consumption responds to income changes. We critically evaluate the empirical evidence on the sensitivity of cons...
This paper presents stylized facts on labor supply, income, consumption, wealth, and several measures of consumption and income inequality drawn from the 1980–2006 Survey of Household Income and Wea...
This paper examines the link between income and consumption inequality. We create panel data on consumption for the Panel Study of Income Dynamics using an imputation procedure based on food deman...
Optimal Portfolio Rules in Continuous Time When the Nonnegativity Constraint on Consumption is Binding.
Classical models predict that the division of stock returns into dividends and capital appreciation does not affect investor consumption patterns, while mental accounting and other economic frictions ...

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