Reported MPC and Unobserved Heterogeneity

被引：15

作者：

Jappelli, Tullio ^{[1
,2
,3
]}

Pistaferri, Luigi ^{[3
,4
,5
]}

机构：

[1] Univ Naples Federico II, Via Cinzia, I-80146 Naples, Italy

[2] Ctr Studies Econ & Finance, Naples, Italy

[3] CEPR, London, England

[4] Stanford Univ, 579 Jane Lathrop Way, Stanford, CA 94305 USA

[5] NBER, Stanford Inst Econ Policy Res, Cambridge, MA 02138 USA

来源：

AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY | 2020年 / 12卷 / 04期

关键词：

CONSUMPTION RESPONSE; CONSUMER RESPONSE; INCOME;

D O I：

10.1257/pol.20180420

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Panel data on reported marginal propensity to consume in the 2010 and 2016 Italian Survey of Household Income and Wealth uncover a strong negative relationship between cash on hand and MPC. Even though the relationship is attenuated when using regression methods that control for unobserved heterogeneity, the amount of bias is moderate. MPC estimates are used to evaluate the effectiveness of revenue-neutral fiscal policies targeting different parts of the distribution of household resources.

引用

页码：275 / 297

页数：23

共 50 条

[41] The distribution of unobserved heterogeneity in competing risks models
Yang Lu
[J]. Statistical Papers, 2020, 61 : 681 - 696
[42] Observed and unobserved heterogeneity in failure data analysis
Zaki, Rezgar
Barabadi, Abbas
Barabadi, Javad
Qarahasanlou, Ali Nouri
[J]. PROCEEDINGS OF THE INSTITUTION OF MECHANICAL ENGINEERS PART O-JOURNAL OF RISK AND RELIABILITY, 2022, 236 (01) : 194 - 207
[43] Evaluating the efficiency of municipalities in the presence of unobserved heterogeneity
Cordero, Jose M.
Polo, Cristina
Tzeremes, Nickolaos G.
[J]. JOURNAL OF PRODUCTIVITY ANALYSIS, 2020, 53 (03) : 377 - 390
[44] Nonlinear Change Models in Populations with Unobserved Heterogeneity
Kelley, Ken
[J]. METHODOLOGY-EUROPEAN JOURNAL OF RESEARCH METHODS FOR THE BEHAVIORAL AND SOCIAL SCIENCES, 2008, 4 (03) : 97 - 112
[45] Common Errors: How to (and Not to) Control for Unobserved Heterogeneity
Gormley, Todd A.
Matsa, David A.
[J]. REVIEW OF FINANCIAL STUDIES, 2014, 27 (02): : 617 - 661
[46] Implementing factor models for unobserved heterogeneity in Stata
Sarzosa, Miguel
Urzua, Sergio
[J]. STATA JOURNAL, 2016, 16 (01): : 197 - 228
[47] The distribution of unobserved heterogeneity in competing risks models
Lu, Yang
[J]. STATISTICAL PAPERS, 2020, 61 (02) : 681 - 696
[48] Unobserved heterogeneity in music festivalgoers' experience processing
Chen, Li-Hsin
[J]. TOURISM MANAGEMENT PERSPECTIVES, 2022, 44
[49] Count Data Models with Correlated Unobserved Heterogeneity
Boes, Stefan
[J]. SCANDINAVIAN JOURNAL OF STATISTICS, 2010, 37 (03) : 382 - 402
[50] Accounting for Censoring and Unobserved Heterogeneity in Pavement Cracking
Aguiar-Moya, Jose P.
Prozzi, Jorge A.
[J]. JOURNAL OF INFRASTRUCTURE SYSTEMS, 2015, 21 (02)

← 1 2 3 4 5 →