Showing 1 - 10 of 1,487
Persistent link: https://www.econbiz.de/10003977838
Persistent link: https://www.econbiz.de/10011549759
Persistent link: https://www.econbiz.de/10001559534
Persistent link: https://www.econbiz.de/10014436024
Persistent link: https://www.econbiz.de/10003385272
Persistent link: https://www.econbiz.de/10000896259
The consumption of households with liquid financial assets responds much more to transitory income shocks than the permanent-income hypothesis predicts. That is, middle class households with assets act as if they face liquidity constraints. This paper addresses this puzzling observation with a...
Persistent link: https://www.econbiz.de/10003914669
Persistent link: https://www.econbiz.de/10008654011