A simple test of Friedman's Permanent Income Hypothesis

被引：12
|
作者：
DeJuan, JP [1 ]
Seater, JJ
机构：
[1] Univ Waterloo, Waterloo, ON N2L 3G1, Canada
[2] N Carolina State Univ, Raleigh, NC 27695 USA
来源：
ECONOMICA | 2006年 / 73卷 / 289期
关键词：
D O I：
10.1111/j.1468-0335.2006.00446.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Friedman's Permanent Income Hypothesis (PIH) predicts that the income elasticity of consumption should be higher for households for which a large fraction of the variation of their income is permanent than for households facing more transitory variations in income. We test this prediction using modern household data from the US Consumer Expenditure Survey. The results offer some support for the PIH.
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页码：27 / 46
页数：20
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