The Consumption Response to Predictable Changes in Discretionary Income: Evidence from the Repayment of Vehicle Loans
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Whether households smooth' consumption in response to predictable changes in income is an open and contentious question. This paper examines the consumption reaction to predictable increases in discretionary income following the final payment of a vehicle loan. Using data from the Consumer
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美国国家经济研究局创建时间：
2003-09-01
