Consumption-Wealth Comovement of the Wrong Sign
收藏NBER2004-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10454
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资源简介：
Economic theory predicts that an unexpected wealth windfall should increase consumption shortly after the windfall is received. We test this prediction using administrative records on over 40,000 401(k) accounts. Contrary to theory, we estimate a negative short-run marginal propensity to consume out
提供机构：
美国国家经济研究局
创建时间：
2004-04-01
