ECIN Replication Package for "Sustainable Consumption and the Economic Well-Being of American Households"

<a target="_blank" rel="nofollow">“Sustainable consumption” defines a comprehensive measure of
household economic well-being that integrates income, assets, debt, transfers,
and rates of return to estimate a feasible lifetime consumption path. We find
that sustainable consumption anchors actual spending, with deviations in one
period adjusting back toward the sustainable level in subsequent periods. After
the Great Recession, sustainable consumption fell more than actual consumption,
in part due to lower real asset returns. Decomposing sustainable consumption into
its components reveals primary support from taxable income, but its share has declined
while Social Security’s has grown. Substantial differences are also evident
across race-ethnicity and educational levels.</a>