Search Results - subject_exact:"Income hypothesis"

Household consumption in Colombia: a nonlinear cointegrating approach

Arango Thomas, Luis Eduardo; Flórez, Luz A.; Posada, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617560

Transitory shocks and consumption dynamics : pent-up demand or hand-to-mouth?

Brown, Martin; Hamoud, Mohamed; Toczynski, Jan - 2026 - This version: May 2026

We examine the recovery of U.S. consumer spending following the COVID-19 recession using monthly transaction data for over 34,000 individuals. We find limited evidence that cutbacks in spending on in-person services or durables during the recession generated pent-up demand. Instead, spending...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654807

The impact of population aging on the household saving rate : the case of Japan

Horioka, Charles - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015592970

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The impact of population aging on the household saving rate : the case of Japan

Horioka, Charles - 2026

Book / Working Paper

The impact of population aging on the household saving rate : the case of Japan

Horioka, Charles - 2026

Book / Working Paper

Intertemporal self-insurance and excess sensitivity of affluent households

Savoia, Ettore - 2026

This paper studies household consumption behavior when saving motives differ due to preference or income risk heterogeneity. I show that self-insurance operates along two margins: a standard liquidity margin determined by the level of current resources and an intertemporal margin governed by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612455

Revisiting the consumption puzzle at retirement

Labeaga, José M.; Sánchez-Robles Rute, Blanca - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626549

Subjective uncertainty and the marginal propensity to consume

Koşar, Gizem; Melcangi, Davide - 2026

Earnings uncertainty is central to most heterogeneous-household models. Yet, there is little evidence on how subjective uncertainty, the uncertainty individuals actually perceive, is related to consumption behavior. Using unique data from the Survey of Consumer Expectations, we show that the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638547

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Subjective uncertainty and the marginal propensity to consume

Koşar, Gizem; Melcangi, Davide - 2025

Book / Working Paper

Comment on “Mental accounts and consumption sensitivity across the distribution of liquid assets” by Graham and McDowall (2026)

Gimeno-Ribes, Jaime - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655630

Neural demand estimation with habit formation and rationality constraints

Grzeskiewicz, Marta - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015652614

Households with insufficient liquid assets : consumption responses to income changes

Belloc, Ignacio; Molina, José Alberto - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015665409

Subjective uncertainty and the marginal propensity to consume

Kosar, Gizem; Melcangi, Davide - 2025

Earnings uncertainty is central to most heterogeneous-household models. Yet, there is surprisingly little evidence on how subjective uncertainty is related to consumption behavior. Using unique data from the Survey of Consumer Expectations, we show that the marginal propensity to consume (MPC)...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371804

Subjective income risk and precautionary saving

Castaldo, Stefano; Tirelli, Mario - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193353

A new investigation into whether households are excessively sensitive to predictable changes in income

Grant, Charles B. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193760

Generalizing the permanent income hypothesis with homothetic robust Epstein-Zin utility

Kusuda, Koji - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015358699

Using tax kinks to estimate the marginal propensity to consume

Gillitzer, Christian; Landersø, Rasmus; Skov, Peer; … - 2025

We show how tax kinks can be used to estimate the marginal propensity to consume (MPC). Tax kinks create discrete changes in the relationship between taxable income and disposable income, which - under a set of testable assumptions - enables causal identification of the spending response to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015329554

Why do Europeans save? : micro-evidence from the household finance and consumption survey

Horioka, Charles; Ventura, Luigi - 2025 - Revised May 16, 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015417246

Returns to education with earnings uncertainty and employment risk over the life cycle

Liu, Kai; Mogstad, Magne; Salvanes, Kjell G. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015466874

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Returns to education with earnings uncertainty and employment risk over the life cycle

Liu, Kai; Mogstad, Magne; Salvanes, Kjell G. - 2025

Book / Working Paper

Earn more tomorrow : overconfidence, income expectations, and consumer indebtedness

Grohmann, Antonia; Menkhoff, Lukas; Merkle, Christoph; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471219

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Earn more tomorrow : overconfidence, income expectations and consumer indebtedness

Grohmann, Antonia; Menkhoff, Lukas; Merkle, Christoph; … - 2023

Book / Working Paper

A test of the permanent income hypothesis when households are less constrained

Aisbett, Emma; Brückner, Markus; Steinhauser, Ralf; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471243

Liquidity constraints, income variance, and buffer stock savings : experimental evidence

Duffy, John; Orland, Andreas - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015472979

Income disaster model with optimal consumption

Park, Seyoung - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450342

When health affects income (and viceversa) : policy transmission in a heterogeneous agent life-cycle model

García, Pablo; Pierrard, Olivier - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015457506

The effect of health on the marginal utility of consumption : evidence based on household consumption expenditure

Amo-Agyei, Silas - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015462438

Life cycle consumption and portfolio choice under real interest rate risk

Fischer, Marcel; Jankowski, Natascha - 2025 - This version: April 30, 2025

We set up a life cycle model with real interest rate risk to demonstrate that real interest rates have implications for optimal household consumption and investments. Lower interest rates lead to higher optimal stock investments and lower consumption. Ignoring the time-varying nature of real...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015426517

Understanding the factors behind low saving rates in Pakistan : insights and policy recommendations

Zia, Uzma - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015526407

Consumption and liquidity shocks

Acconcia, Antonio; Chinetti, Simone; Jappelli, Tullio - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015587334

Income uncertainty, precautionary wealth, and social insurance

Joyce, Matthew; Singh, Aarti - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580718

A pitfall in models of external habit formation

Mork, Knut Anton - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633718

Income shocks and mortality of low-wage workers: evidence from wage allowances in Brazil

Castro, Caio Pedro; Corbi, Raphael Bottura - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475244

Life-cycle consumption expenditure and inequality

Šedivý, Marek - 2025

We study the evolution of consumption expenditure and its distribution over the life-cycle. We estimate age and cohort effects relying on household-level consumption survey data, reaching several conclusions. First, we find significant differences in durable and nondurable life-cycle consumption...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015531755

Temporary VAT exemption in Colombia: how did household consumption respond?

Arango Thomas, Luis Eduardo; Flórez, Luz A.; Marín, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015070166

Stimulus through insurance : the marginal propensity to repay debt

Kosar, Gizem; Melcangi, Davide; Pilossoph, Laura; … - 2024

Using detailed micro data, we document that households often use "stimulus" checks to pay down debt, especially those with low net wealth-to-income ratios. To rationalize these patterns, we introduce a borrowing price schedule into an otherwise standard incomplete markets model. Because interest...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015080992

Intertemporal MPC and shock size

Jappelli, Tullio; Savoia, Ettore; Sciacchetano, Alessandro - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617621

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Intertemporal MPC and shock size

Jappelli, Tullio; Savoia, Ettore; Sciacchetano, Alessandro - 2024

Book / Working Paper

Intertemporal MPC and shock size

Jappelli, Tullio; Savoia, Ettore; Sciacchetano, Alessandro - 2024

Book / Working Paper

Heterogeneity of consumption responses to income shocks in the presence of nonlinear persistence

Arellano, Manuel; Blundell, Richard W.; Bonhomme, Stéphane - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015075135

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Heterogeneity of consumption responses to income shocks in the presence of nonlinear persistence

Arellano, Manuel; Blundell, Richard W.; Bonhomme, Stéphane - 2023

Book / Working Paper

Heterogeneity of consumption responses to income shocks in the presence of nonlinear persistence

Arellano, Manuel; Blundell, Richard W.; Bonhomme, Stéphane - 2023

Book / Working Paper

Heterogeneity of consumption responses to income shocks in the presence of nonlinear persistence

Arellano, Manuel; Blundell, Richard W.; Bonhomme, Stéphane - 2023

Book / Working Paper

The impact of measured income uncertainty on Spanish household consumption at the end of the Great Recession

Lugilde, Alba - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015078700

Estimating life-cycle income processes including means-tested transfers

Lander, David - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015079836

Who saves more, the naive or the sophisticated agent?

Groneck, Max; Ludwig, Alexander; Zimper, Alexander - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015070997

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Who saves more, the naive or the sophisticated agent?

Groneck, Max; Ludwig, Alexander; Zimper, Alexander - 2024

Book / Working Paper

A joint account with my future self : self-continuity facilitates adjustment of present spending to future income changes

Schanbacher, Anja D.; Faro, David; Botti, Simona - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014534644

Latent heterogeneity in the marginal propensity to consume

Lewis, Daniel J.; Melcangi, Davide; Pilossoph, Laura - 2024

We estimate the unconditional distribution of the marginal propensity to consume (MPC) using clustering regression applied to the 2008 economic stimulus payments. By deviating from the standard approach of estimating MPC heterogeneity using interactions with observables, we can recover the full...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014536216

Consumption and income expectations during Covid-19

Immordino, Giovanni; Jappelli, Tullio; Oliviero, Tommaso - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014502894

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Consumption and income expectations during Covid-19

Immordino, Giovanni; Jappelli, Tullio; Oliviero, Tommaso - 2022

Book / Working Paper

Income socks and their transmission into consumption

Crawley, Edmund; Theloudis, Alexandros - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014518751

Mental accounts and consumption sensitivity across the distribution of liquid assets

Graham, James; McDowall, Robert A. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014520428

Migrant workers remittances in fostering country-of-origin entrepreneurship and financial inclusion : life cycle-permanent income hypothesis

Izza Mafruhah; Istiqomah, Nurul - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015154428

Hedging mortality risk over the life-cycle : the role of information and borrowing constraints

Andersen, Torben M. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015123776

Monetary compensation schemes during the COVID-19 pandemic : implications for household incomes, liquidity constraints and consumption across the EU

Christl, Michael; De Poli, Silvia; Figari, Francesco; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015097170

Does purchasing commercial insurance promote household consumption? : evidence from China

Wang, Yizi; He, Xiaoying - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015211513

Cardinal sins? : conspicuous consumption, cardinal status and inequality

Hopkins, Ed - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015340313

Solving dynamic portfolio and consumption problems by going forward in time

Ma, Yixuan; Rodrigues, Paulo Jorge Maurício; Schotman, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015190396

Testing the permanent income hypothesis using the Spanish Christmas Lottery

Cabanillas-Jiménez, Guillermo - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015191121

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Testing the Permanent Income Hypothesis using the Spanish Christmas Lottery

Cabanillas-Jiménez, Guillermo - 2021

Book / Working Paper

Testing the Permanent Income Hypothesis using the Spanish Christmas Lottery

Cabanillas-Jiménez, Guillermo - 2022

Book / Working Paper

Wealth, consumption, and savings patterns in retirement : a challenge to the life-cycle hypothesis

Krupová, Patrícia - 2024

This paper investigates the wealth, consumption, and savings behavior of elderly individuals through the lens of the life-cycle hypothesis. Using data from Survey of Health, Ageing and Retirement, we employ Student's t-test to test differences between pre-retirement and retirement age groups....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015418570

The retirement consumption puzzle effect in Indonesia : evidence from IFLS 4 and 5

Putri, Margareta Vania; Sugiyanto, Catur - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015447218