G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14083
DP14083 Reported MPC and Unobserved Heterogeneity
Luigi Pistaferri
发表日期2019-10-26
出版年2019
语种英语
摘要Panel data on reported marginal propensity to consume (MPC) in the 2010 and 2016 Italy’s Survey of Household Income and Wealth uncover a strong negative relationship between cash-on-hand and MPC. Even though the relationship is attenuated when using regression methods that control for unobserved heterogeneity, the amount of bias is moderate. MPC estimates are used to evaluate the effectiveness of revenue-neutral fiscal policies targeting different parts of the distribution of household resources.
主题Macroeconomics and Growth
关键词Transitory income shocks Marginal propensity to consume Panel data
URLhttps://cepr.org/publications/dp14083
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/542969
推荐引用方式
GB/T 7714
Luigi Pistaferri. DP14083 Reported MPC and Unobserved Heterogeneity. 2019.
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