Permanent Income Shocks, Target Wealth, and the Wealth Gap
收藏NBER2020-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27709
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We test the key implication of the buffer stock model, namely that any revision in permanent income leads to a proportionate revision in target wealth. We use panel data on the amount of wealth held for precautionary purposes available in the 2002-2016 SHIW. Using an instrumental variable approach
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美国国家经济研究局创建时间：
2020-08-01
