Consumption versus Expenditure

By Mark Aguiar, Erik G. Hurst. Journal of Political Economy, 2005

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The Cyclicality of the Opportunity Cost of Employment (2016, background): “Aguiar and Hurst (2005) report a 19 percent decline in food expenditure among the unemployed using scanner data.”
Deconstructing Life Cycle Expenditure (2008, positive): “Food is amenable to home production (see Aguiar and Hurst 2005, 2007) while transportation and clothing are inputs into market work.3 The remaining categories of nondurable expenditures, constituting roughly half of total nondurable expenditures, do not decline over the back half of the lifecycle.”
Behavioral Economics and Public Policy: A Pragmatic Perspective (2015, background): “As one example, consider recent evidence that the drop in expenditure around retirement may be better explained by a model that features complementarities between consumption and labor in the utility function (Aguiar and Hurst 2005).”