create a website

How do households respond to income shocks?. (2024). Perri, Fabrizio ; Malkov, Egor ; Krueger, Dirk.
In: Journal of Economic Dynamics and Control.
RePEc:eee:dyncon:v:168:y:2024:i:c:s0165188924001532.

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 55

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Income Fluctuations and Subjective Well-being: The Mediating Effects of Occupational Switching and Remittances. (2024). Tokhirov, Azizbek.
    In: Journal of Happiness Studies.
    RePEc:spr:jhappi:v:25:y:2024:i:8:d:10.1007_s10902-024-00814-y.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Aaronson, D. ; Agarwal, S. ; French, E. The spending and debt responses to minimum wage hikes. 2012 Am. Econ. Rev.. 102 3111-3139

  2. Aiyagari, S.R. Uninsured idiosyncratic risk and aggregate saving. 1994 Q. J. Econ.. 109 659-684

  3. Altonji, J. ; Siow, A. Testing the response of consumption to income changes with (noisy) panel. 1987 Q. J. Econ.. 102 293-328

  4. Berger, D. ; Guerrieri, V. ; Lorenzoni, G. ; Vavra, J. House prices and consumer spending. 2017 Rev. Econ. Stud.. 85 1502-1542
    Paper not yet in RePEc: Add citation now
  5. Blundell, R. ; Pistaferri, L. ; Preston, I. Consumption inequality and partial insurance. 2008 Am. Econ. Rev.. 98 1887-1921

  6. Blundell, R. ; Pistaferri, L. ; Saporta-Eksten, I. Children, time allocation, and consumption insurance. 2018 J. Polit. Econ.. 126 S73-S115

  7. Blundell, R. ; Pistaferri, L. ; Saporta-Eksten, I. Consumption inequality and family labor supply. 2016 Am. Econ. Rev.. 106 387-435

  8. Caballero, R. Consumption puzzles and precautionary saving. 1990 J. Monet. Econ.. 25 113-136

  9. Campbell, J. ; Hercowitz, Z. Welfare implications of the transition to high household debt. 2009 J. Monet. Econ.. 56 1-16

  10. Carroll, C. ; Holm, M. ; Kimball, M. Liquidity constraints and precautionary saving. 2021 J. Econ. Theory. 195 1-21

  11. Checchi, D. ; Jappelli, T. ; Marino, I. ; Scognamiglio, A. Inequality Trends in a Slow-Growing Economy: Italy 1990-2020. 2023 :
    Paper not yet in RePEc: Add citation now
  12. Cochrane, J. A simple test of consumption insurance. 1991 J. Polit. Econ.. 99 957-976

  13. Colarieti, R. ; Mei, P. ; Stantcheva, S. The how and why of household reactions to income shocks. 2024 :

  14. Commault, J. Does consumption respond to transitory shocks? Reconciling natural experiments and semistructural methods. 2022 Am. Econ. J. Macroecon.. 14 96-122

  15. Davidoff, T. Labor income, housing prices, and homeownership. 2006 J. Urban Econ.. 59 209-235

  16. Davis, M. ; Ortalo-Magné, F. Household expenditures, wages, rents. 2011 Rev. Econ. Dyn.. 14 248-261

  17. Deaton, A. Understanding Consumption. 1992 Clarendon Press: Oxford

  18. Dynarski, S. ; Gruber, J. Can families smooth variable earnings?. 1997 Brookings Pap. Econ. Act.. 1997 229-284

  19. Fagereng, A. ; Holm, M.B. ; Moll, B. ; Natvik, G. Saving Behavior Across the Wealth Distribution: the Importance of Capital Gains. 2019 :

  20. Fella, G. ; Frache, S. ; Koeniger, W. Buffer-stock saving and households' response to income shock. 2020 Int. Econ. Rev.. 61 1359-1382

  21. Fernandez-Villaverde, J. ; Krueger, D. Consumption and saving over the life cycle: how important are consumer durables?. 2011 Macroecon. Dyn.. 15 725-770

  22. Friedman, M. A Theory of the Consumption Function. 1957 Princeton University Press:

  23. Gervais, M. ; Klein, P. Measuring consumption smoothing in CEX data. 2010 J. Monet. Econ.. 57 988-999

  24. Ghosh, A. ; Theloudis, A. Consumption Partial Insurance in the Presence of Tail Income Risk. 2023 :

  25. Guiso, L. ; Pistaferri, L. ; Schivardi, F. Insurance within the firm. 2005 J. Polit. Econ.. 113 1054-1087

  26. Guner, N. ; Kaygusuz, R. ; Ventura, G. Taxation and household labour supply. 2012 Rev. Econ. Stud.. 79 1113-1149

  27. Guvenen, F. ; Smith, A. Inferring labor income risk and partial insurance from economic choices. 2014 Econometrica. 82 2085-2129

  28. Hall, R. ; Mishkin, F. The sensitivity of consumption to transitory income: estimates from panel data on households. 1982 Econometrica. 50 461-481

  29. Heathcote, J. ; Storesletten, K. ; Violante, G. Consumption and labor supply with partial insurance: an analytical framework. 2014 Am. Econ. Rev.. 104 2075-2126

  30. Holm, M. Consumption with liquidity constraints: an analytical characterization. 2018 Econ. Lett.. 167 40-42

  31. Holter, H. ; Krueger, D. ; Stepanchuk, S. How does tax progressivity and household heterogeneity affect Laffer curves?. 2019 Quant. Econ.. 10 1317-1356

  32. Hurst, E. ; Lusardi, A. ; Kennickel, A. ; Torralba, F. The importance of business owners in assessing the size of precautionary savings. 2010 Rev. Econ. Stat.. 92 61-69

  33. Jappelli, T. ; Padula, M. ; Pistaferri, L. A direct test of the buffer-stock model of saving. 2008 J. Eur. Econ. Assoc.. 6 1186-1210

  34. Jappelli, T. ; Pistaferri, L. Does consumption inequality track income inequality in Italy?. 2010 Rev. Econ. Dyn.. 13 133-153

  35. Jappelli, T. ; Pistaferri, L. Financial integration and consumption smoothing. 2011 Econ. J.. 121 678-706

  36. Jappelli, T. ; Pistaferri, L. Intertemporal choice and consumption mobility. 2006 J. Eur. Econ. Assoc.. 4 75-115

  37. Jappelli, T. ; Pistaferri, L. The consumption response to income changes. 2010 Annu. Rev. Econ.. 2 479-506

  38. Jappelli, T. ; Pistaferri, L. The dynamics of household wealth accumulation in Italy. 2000 Fisc. Stud.. 21 269-295

  39. Jappelli, T. ; Pistaferri, L. The Economics of Consumption: Theory and Evidence. 2017 Oxford University Press:

  40. Jappelli, T. ; Pistaferri, L. Using subjective income expectations to test for excess sensitivity of consumption to predicted income growth. 2000 Eur. Econ. Rev.. 44 337-358

  41. Kaplan, G. ; Moll, B. ; Violante, G.L. Monetary policy according to HANK. 2018 Am. Econ. Rev.. 108 697-743

  42. Kaplan, G. ; Violante, G.L. How much insurance beyond self-insurance?. 2011 Am. Econ. J. Macroecon.. 2 53-87
    Paper not yet in RePEc: Add citation now
  43. Kaplan, G. ; Violante, G.L. The marginal propensity to consume in heterogeneous agent models. 2022 Annu. Rev. Econ.. 14 747-775

  44. Kerr, S.P. ; Kerr, W. ; Xu, T. Personality traits of entrepreneurs: a review of the recent literature. 2017 :

  45. Krueger, D. ; Mitman, K. ; Perri, F. Macroeconomics and Household Heterogeneity. 2016 Elsevier:

  46. Krueger, D. ; Perri, F. Does income inequality lead to consumption inequality? Evidence and theory. 2006 Rev. Econ. Stud.. 73 163-193

  47. Krueger, D. ; Perri, F. Understanding consumption smoothing: evidence from the US consumer expenditure survey. 2005 J. Eur. Econ. Assoc.. 3 340-349

  48. Luengo-Prado, M. ; Sorensen, B. What can explain excess smoothness and sensitivity of state-level consumption?. 2008 Rev. Econ. Stat.. 90 65-80

  49. Mace, B.J. Full insurance in the presence of aggregate uncertainty. 1991 J. Polit. Econ.. 99 928-956

  50. Mazzocco, M. ; Saini, S. Testing efficient risk sharing with heterogeneous risk preferences. 2012 Am. Econ. Rev.. 102 428-468

  51. Padula, M. Consumer durables and the marginal propensity to consume out of permanent income shocks. 2004 Res. Econ.. 58 319-341

  52. Pedroni, M. ; Singh, S. ; Stoltenberg, C. Advance information and consumption insurance: Evidence and structural estimation. 2023 :
    Paper not yet in RePEc: Add citation now
  53. Schulhofer-Wohl, S. Heterogeneity and tests of risk sharing. 2011 J. Polit. Econ.. 119 925-958

  54. Townsend, R. Risk and insurance in village India. 1994 Econometrica. 62 539-591

  55. Wang, N. Caballero meets Bewley: the permanent-income hypothesis in general equilibrium. 2003 Am. Econ. Rev.. 93 927-936

Cocites

Documents in RePEc which have cited the same bibliography

  1. Vote Buying or (Political) Business (Cycles) as Usual?. (2020). Heinemann, Friedrich ; Asatryan, Zareh ; Aidt, Toke ; Badalyan, Lusine.
    In: The Review of Economics and Statistics.
    RePEc:tpr:restat:v:102:y:2020:i:3:p:409-425.

    Full description at Econpapers || Download paper

  2. Effects of the Minimum Wage on Child Health. (2020). Kaestner, Robert ; Dave, Dhaval ; Lyu, Wei ; Wehby, George.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:26691.

    Full description at Econpapers || Download paper

  3. Does a One-Size-Fits-All Minimum Wage Cause Financial Stress for Small Businesses?. (2019). Oettl, Alexander ; Chava, Sudheer ; Singh, Manpreet.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:26523.

    Full description at Econpapers || Download paper

  4. The Local Aggregate Effects of Minimum Wage Increases. (2019). Parker, Jonathan ; Luengo-Prado, Maria ; Cooper, Daniel.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:25761.

    Full description at Econpapers || Download paper

  5. Fiscal stimulus and debt burden: evidence from Thailand’s first-car-buyer tax rebate program. (2019). Samphantharak, Krislert ; Muthitacharoen, Athiphat ; Chantarat, Sommarat.
    In: International Tax and Public Finance.
    RePEc:kap:itaxpf:v:26:y:2019:i:6:d:10.1007_s10797-019-09549-6.

    Full description at Econpapers || Download paper

  6. Impact of Increasing Minimum Wage on Homeownership and Home Equity Loans. (2019). Nguyen, Hoa.
    In: International Advances in Economic Research.
    RePEc:kap:iaecre:v:25:y:2019:i:2:d:10.1007_s11294-019-09736-5.

    Full description at Econpapers || Download paper

  7. Minimum wage effects across heterogeneous markets. (2019). Takizawa, Miho ; Yamanouchi, Kenta ; Okudaira, Hiroko.
    In: Labour Economics.
    RePEc:eee:labeco:v:59:y:2019:i:c:p:110-122.

    Full description at Econpapers || Download paper

  8. Job displacement and financial outcomes. (2019). Hotchkiss, Julie ; Aaronson, Daniel ; Kelley, Taylor ; Agarwal, Sumit.
    In: Economics Letters.
    RePEc:eee:ecolet:v:177:y:2019:i:c:p:18-21.

    Full description at Econpapers || Download paper

  9. Financialization and the macroeconomy. Theory and empirical evidence. (2019). Lagoarde-Ségot, Thomas ; Gimet, Céline ; Lagoarde-Segot, Thomas ; Reyes-Ortiz, Luis.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:81:y:2019:i:c:p:89-110.

    Full description at Econpapers || Download paper

  10. Consumption response to minimum wages: evidence from Chinese households. (2019). Hau, Harald ; Dautović, Ernest ; Huang, YI.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20192333.

    Full description at Econpapers || Download paper

  11. Minimum Wage in Estonia and its Impact on Employment and Wage Distribution. (2019). , Pauleamets ; Tiwari, Amaresh K.
    In: ifo DICE Report.
    RePEc:ces:ifodic:v:16:y:2019:i:4:p:50000000004807.

    Full description at Econpapers || Download paper

  12. Minimum Wage in Estonia and its Impact on Employment and Wage Distribution. (2019). Eamets, Raul ; Tiwari, Amaresh K.
    In: ifo DICE Report.
    RePEc:ces:ifodic:v:16:y:2019:i:04:p:37-43.

    Full description at Econpapers || Download paper

  13. Selected micro- and macroeconomic conditions of wages, income and labor productivity in Poland and other European Union countries. (2018). Fatula, Dariusz.
    In: Contemporary Economics.
    RePEc:wyz:journl:id:523.

    Full description at Econpapers || Download paper

  14. Macroeconomic Effects of Minimum Wage Increases in an Economy with Wage Underreporting. (2018). Antonova, Anastasiia.
    In: Visnyk of the National Bank of Ukraine.
    RePEc:ukb:journl:y:2018:i:246:p:10-33.

    Full description at Econpapers || Download paper

  15. Asymmetric Consumption Smoothing. (2018). Parker, Jonathan ; Ben-David, Itzhak ; Baugh, Brian.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:25086.

    Full description at Econpapers || Download paper

  16. The impact of the minimum wage on health. (2018). Ukert, Benjamin ; Andreyeva, Elena.
    In: International Journal of Health Economics and Management.
    RePEc:kap:ijhcfe:v:18:y:2018:i:4:d:10.1007_s10754-018-9237-0.

    Full description at Econpapers || Download paper

  17. Consumer Loan Response to Permanent Labor Income Shocks: Evidence from a Major Minimum Wage Increase. (2017). Tumen, Semih ; Hacihasanoglu, Yavuz Selim ; Guney, Ibrahim Ethem.
    In: GLO Discussion Paper Series.
    RePEc:zbw:glodps:58.

    Full description at Econpapers || Download paper

  18. Cash-on-hand and demand for credit. (2017). Cui, Can.
    In: Empirical Economics.
    RePEc:spr:empeco:v:52:y:2017:i:3:d:10.1007_s00181-016-1213-2.

    Full description at Econpapers || Download paper

  19. Fiscal Stimulus and Household Debt: Evidence from Thailands First-Car Buyer Tax Rebate. (2017). Samphantharak, Krislert ; Muthitacharoen, Athiphat ; Chantarat, Sommarat.
    In: PIER Discussion Papers.
    RePEc:pui:dpaper:60.

    Full description at Econpapers || Download paper

  20. Statutory Minimum Wages in the EU: Institutional Settings and Macroeconomic Implications. (2017). Vandeplas, Anneleen ; Kiss, Áron ; Arpaia, Alfonso ; Cardoso, Pedro ; van Herck, Kristine.
    In: IZA Policy Papers.
    RePEc:iza:izapps:pp124.

    Full description at Econpapers || Download paper

  21. The Consumption Response to Minimum Wages: Evidence from Chinese Households. (2017). Hau, Harald ; Dautović, Ernest ; Huang, YI ; Dautovic, Ernest.
    In: IHEID Working Papers.
    RePEc:gii:giihei:heidwp01-2017.

    Full description at Econpapers || Download paper

  22. The Consumption Response to Minimum Wages: Evidence from Chinese Households. (2017). Hau, Harald ; Dautović, Ernest ; Huang, YI ; Dautovic, Ernest.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:12057.

    Full description at Econpapers || Download paper

  23. The Consumption Response to Positive and Negative Income Changes. (2017). Surico, Paolo ; Reinold, Kate ; Bunn, Philip ; le Roux, Jeanne.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:11829.

    Full description at Econpapers || Download paper

  24. The Impacts of Minimum Wage Increases on the Canadian Economy. (2017). Cheung, Calista ; Brouillette, Dany ; Gervais, Olivier ; Gao, Daniel.
    In: Staff Analytical Notes.
    RePEc:bca:bocsan:17-26.

    Full description at Econpapers || Download paper

  25. Tax Policy and Heterogeneous Investment Behavior. (2017). Mahon, James ; Zwick, Eric.
    In: American Economic Review.
    RePEc:aea:aecrev:v:107:y:2017:i:1:p:217-48.

    Full description at Econpapers || Download paper

  26. Wage Shocks and the Technological Substitution of Low-Wage Jobs. (2016). Aaronson, Daniel ; Phelan, Brian .
    In: Upjohn Working Papers.
    RePEc:upj:weupjo:17-266.

    Full description at Econpapers || Download paper

  27. Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand. (2016). Parker, Jonathan ; Melzer, Brian ; Green, Daniel ; Rojas, Arcenis.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:22878.

    Full description at Econpapers || Download paper

  28. Effects of the Minimum Wage on Infant Health. (2016). Kaestner, Robert ; Dave, Dhaval ; Wehby, George.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:22373.

    Full description at Econpapers || Download paper

  29. Tax Policy and Heterogeneous Investment Behavior. (2016). Mahon, James ; Zwick, Eric.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:21876.

    Full description at Econpapers || Download paper

  30. Tax Credits and the Debt Position of U.S. Households. (2016). McGranahan, Leslie.
    In: Working Paper Series.
    RePEc:fip:fedhwp:wp-2016-12.

    Full description at Econpapers || Download paper

  31. The Social Cost of Near-Rational Investment. (2016). Mertens, Thomas ; Hassan, Tarek.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2016-16.

    Full description at Econpapers || Download paper

  32. Natural Experiments in Macroeconomics. (2016). Hassan, T A ; Fuchs-Schndeln, N.
    In: Handbook of Macroeconomics.
    RePEc:eee:macchp:v2-923.

    Full description at Econpapers || Download paper

  33. Retirement Incentives and Labor Supply. (2016). Blundell, R ; Tetlow, G ; French, E.
    In: Handbook of the Economics of Population Aging.
    RePEc:eee:hapoch:v1_457.

    Full description at Econpapers || Download paper

  34. Tracing the impact of large minimum wage changes on household welfare in Indonesia. (2016). Yamada, Ken.
    In: European Economic Review.
    RePEc:eee:eecrev:v:87:y:2016:i:c:p:287-303.

    Full description at Econpapers || Download paper

  35. The Marginal Propensity to Consume out of Liquidity. (2015). Aydin, Deniz.
    In: Discussion Papers.
    RePEc:sip:dpaper:15-010.

    Full description at Econpapers || Download paper

  36. Age of Decision: Pension Savings Withdrawal and Consumption and Debt Response. (2015). Agarwal, Sumit.
    In: 2015 Meeting Papers.
    RePEc:red:sed015:709.

    Full description at Econpapers || Download paper

  37. Mortgage Rates, Household Balance Sheets, and the Real Economy. (2015). yao, vincent ; Seru, Amit ; Keys, Benjamin ; Piskorski, Tomasz.
    In: 2015 Meeting Papers.
    RePEc:red:sed015:705.

    Full description at Econpapers || Download paper

  38. Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program. (2015). yao, vincent ; Seru, Amit ; Piskorski, Tomasz ; Amromin, Gene ; Agarwal, Sumit ; Chomsisengphet, Souphala.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:21512.

    Full description at Econpapers || Download paper

  39. Household Debt and Uncertainty: Private Consumption after the Great Recession. (2015). Valdeolivas, Eva ; Valles, Javier ; estrada, Angel ; Garrote, Daniel .
    In: Monetaria.
    RePEc:cml:moneta:v:iii:y:2015:i:1:p:71-109.

    Full description at Econpapers || Download paper

  40. Mortgage Rates, Household Balance Sheets, and the Real Economy. (2014). yao, vincent ; Seru, Amit ; Piskorski, Tomasz ; Keys, Benjamin.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:20561.

    Full description at Econpapers || Download paper

  41. House Price Gains and U.S. Household Spending from 2002 to 2006. (2014). Sufi, Amir ; Mian, Atif.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:20152.

    Full description at Econpapers || Download paper

  42. Disentangling Financial Constraints, Precautionary Savings, and Myopia: Household Behavior Surrounding Federal Tax Returns. (2014). Ben-David, Itzhak ; Park, Hoon Suk ; Baugh, Brian.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:19783.

    Full description at Econpapers || Download paper

  43. The Benefits of Panel Data in Consumer Expenditure Surveys. (2014). Souleles, Nicholas ; Parker, Jonathan ; Carroll, Christopher.
    In: NBER Chapters.
    RePEc:nbr:nberch:12674.

    Full description at Econpapers || Download paper

  44. Toward Healthy Balance Sheets: Are Savings Accounts a Gateway to Young Adults’ Asset Diversification and Accumulation?. (2014). Friedline, Terri ; Hughes, Robert ; Johnson, Paul.
    In: Review.
    RePEc:fip:fedlrv:00032.

    Full description at Econpapers || Download paper

  45. Auto Sales and Credit Supply. (2014). Pence, Karen ; Johnson, Kathleen W. ; Vine, Daniel J..
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2014-82.

    Full description at Econpapers || Download paper

  46. Impact of minimum wage on income distribution and poverty in Russia. (2014). Kapelyuk, Sergey.
    In: EERC Working Paper Series.
    RePEc:eer:wpalle:14/03e.

    Full description at Econpapers || Download paper

  47. Household debt and uncertainty: Private consumption after the Great Recession. (2014). Valdeolivas, Eva ; Valles, Javier ; estrada, Angel ; Garrote, Daniel .
    In: Working Papers.
    RePEc:bde:wpaper:1415.

    Full description at Econpapers || Download paper

  48. Consumer Spending and the Economic Stimulus Payments of 2008. (2013). Parker, Jonathan ; McClelland, Robert ; Souleles, Nicholas S. ; Johnson, David S..
    In: American Economic Review.
    RePEc:aea:aecrev:v:103:y:2013:i:6:p:2530-53.

    Full description at Econpapers || Download paper

  49. A Federal Reserve System conference on research in applied microeconomics. (2011). Garrett, Thomas.
    In: Review.
    RePEc:fip:fedlrv:y:2011:i:nov:p:455-462:n:v.93no.6.

    Full description at Econpapers || Download paper

  50. Why do banks reward their customers to use their credit cards?. (2010). Chakravorti, Sujit ; Agarwal, Sumit ; Lunn, Anna.
    In: Working Paper Series.
    RePEc:fip:fedhwp:wp-2010-19.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-22 18:25:04 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.