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Persistent link: https://www.econbiz.de/10011804968

Estimating the marginal propensity to consume using the distributions of income, consumption, and wealth

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The distribution of wealth and the marginal propensity to consume

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degree of heterogeneity in household preferences or beliefs is sufficient to match empirical measures of wealth inequality in …

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Estimating the marginal propensity to consume using the distributions of income, consumption and wealth

Fisher, Jonathan; Johnson, David S.; Smeeding, Timothy M.; … - 2019 - This version: February 2019

Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and …-wealth households cannot smooth consumption as much as other households do, which further implies that increasing wealth inequality …

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