| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14083 |
| 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 |
| URL | https://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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