Household Production and the Excess Sensitivity of Consumption to Current Income
收藏NBER1999-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7046
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资源简介：
Empirical research on the permanent income hypothesis (PIH) has found that consumption growth is excessively sensitive to predictable changes in income. This finding is interpreted as strong evidence against the PIH. We propose an explanation for apparent excess sensitivity that is based on a
提供机构：
美国国家经济研究局
创建时间：
1999-03-01
