Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests?
研究了消费承诺（如住房）如何改变风险与消费的关系，发现当调整成本高且潜在损失足够大时，同职业夫妻会消费更多住房。
Consumption commitments-goods like housing for which adjustment is costly-change the relationship between risk and consumption. Commitment provides a motive to reduce consumption when possible future losses are too small to warrant adjustment but not when losses are large enough that adjustment would be worthwhile. This implies conditions under which mean-preserving increases in risk can increase housing consumption. Our empirical evidence exploits the interaction of these conditions with a novel proxy for unemployment risk: couples sharing an occupation. Consistent with our model, same-occupation couples consume more housing only when adjustment costs are high and potential losses are sufficiently large. © 2010 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.