Asymmetric Consumption Effects of Transitory Income Shocks
Bibliographic Data
| ID | 9707553 |
|---|---|
| Authors | Dimitris Christelis (0000-0003-4158-5036, University of Naples Federico II, CSEF, CFS, CEPAR and Netspar), Dimitris Georgarakos (0000-0003-2521-5473, European Central Bank and CFS), Tullio Jappelli (0000-0001-9254-6526, University of Naples Federico II, CSEF and CEPR, corresponding author), Luigi Pistaferri (Stanford University, SIEPR, NBER and CEPR), Maarten Van Rooij (De Nederlandsche Bank and Netspar) |
| Year | 2019 |
| Volume | 129 |
| Issue | 622 |
| Pages | 2322-2341 |
| Publication date | 2019-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ej/uez013 |
| OpenAlex | W3122686194 |
| Language | EN |
| Citations received | 13 |
| References cited | 19 |
We use the responses of a representative sample of Dutch households to survey questions that ask how much their consumption would change in response to unexpected, transitory income shocks (positive or negative). The questionnaire also distinguishes between relatively small income changes (a one-month increase or drop in income), and relatively larger ones (equal to three-months' income). The results are broadly in line with models of intertemporal choice with precautionary saving, borrowing constraints and finite horizons
Autonomous consumption · Consumption (sociology · Debt · Demographic economics · Econometrics · Economics · Macroeconomics · Monetary economics · Permanent income hypothesis · Precautionary savings · Sample (material · Economic theories and models · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics
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| Unique citing works | 13 |
|---|---|
| Citations per year | 2,6 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 13 |