MPC Heterogeneity and Household Balance Sheets
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DOI: 10.1257/mac.20190211
Abstract: We use sizable lottery prizes in Norwegian administrative panel data to explore how transitory income shocks are spent and saved over time and how households’ marginal propensities to consume (MPCs) vary with household characteristics and… read more here.
Keywords: household; heterogeneity household; balance sheets; household balance ... See more keywords