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Consumption Inequality Over the Last Half Century. Some Evidence using the New PSID Consumption Measure
Consumption Inequality Half Century
2015/7/23
There is a lively debate in the U.S. regarding
trends in inequality over the last 40 years, and
about its causes and consequences.
Diagnosing Consumer Confusion and Sub-Optimal Shopping Effort:Theory and Mortgage-Market Evidence
Diagnosing Consumer Confusion Sub-Optimal Shopping Theory and Mortgage-Market
2015/7/20
Mortgage loans are leading examples of transactions where experts on one side of the market take advantage of consumers’ lack of knowledge and experience. We study the compensation that borrowers pay ...
The Evolution of Brand Preferences: Evidence from Consumer Migration
Consumer Migration Brand Preferences
2015/7/17
We study the long-run evolution of brand preferences, using new data
on consumers’ life histories and purchases of consumer packaged
goods. Variation in where consumers have lived in the past allo...
Understanding the Advice of Commissions-Motivated Agents:Evidence from the Indian Life Insurance Market
Customers Insurance Product Service Operations Agency Theory Sales Motivation and Incentives
2015/4/27
We conduct a series of field experiments to evaluate two competing views of the role of financial service intermediaries in providing product recommendations to potentially uninformed consumers. One v...
Consumer Expenditure Distribution in India, 1983-2007: Evidence of a Long Pareto Tail
Consumer Expenditure Lognormal distribution Pareto distribution Gini coefficient
2010/11/3
This work presents a comprehensive study of the evolution of the expenditure distribution in In-dia. The consumption process is theoretically modeled based on certain physical assumptions. The propose...