| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23948 |
| 来源ID | Working Paper 23948 |
| Were Nineteenth-Century Industrial Workers Permanent Income Savers? | |
| Howard Bodenhorn | |
| 发表日期 | 2017-10-23 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Theories of household saving posit that households add to or draw down wealth to equalize the discounted presented value of consumption over time. This paper examines the extent to which nineteenth-century urban American industrial workers used saving and dissaving to smooth consumption in response to unanticipated, plausibly exogenous, shocks to income. Information on the expected and unexpected number of days unemployed is used to construct estimates of transitory income. The data are then used to estimate the marginal propensity to save from transitory income, and the results are broadly consistent with Friedman’s (1957) permanent income hypothesis. |
| 主题 | Microeconomics ; Households and Firms ; History ; Financial History |
| URL | https://www.nber.org/papers/w23948 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581621 |
| 推荐引用方式 GB/T 7714 | Howard Bodenhorn. Were Nineteenth-Century Industrial Workers Permanent Income Savers?. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23948.pdf（559KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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