The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households
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We investigate the stochastic relation between income and consumption (specifically, consumption of food) within a panel of about 2,000 households. Our major findings are: 1. Consumption responds much more strongly to permanent than to transitory movements of income. 2. The response to transitory
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美国国家经济研究局创建时间：
1980-07-01
