Meghir, Costas; Pistaferri, Luigi - In: Handbook of labor economics : volume 4, part B, (pp. 773-854). 2011
choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumptionhighlighting the … contributions, distinguishing between papers that use only income data and those that use both income and consumption data. The … and identify the income process or the information set of the individuals. Second, one can assume that the income process …