메뉴 건너뛰기




Volumn 14, Issue 1, 1996, Pages 81-90

Permanent income, current income, and consumption: Evidence from two panel data sets

Author keywords

Euler equations; Excess sensitivity; Method of moments

Indexed keywords


EID: 0030526068     PISSN: 07350015     EISSN: 15372707     Source Type: Journal    
DOI: 10.1080/07350015.1996.10524631     Document Type: Article
Times cited : (115)

References (26)
  • 1
    • 0000258689 scopus 로고
    • Testing the Response of Consumption to Income Changes With (Noisy) Panel Data
    • Altonji, J., and Siow, A. (1987), “Testing the Response of Consumption to Income Changes With (Noisy) Panel Data,” Quarterly Journal of Economics, 102, 293-328.
    • (1987) Quarterly Journal of Economics , vol.102 , pp. 293-328
    • Altonji, J.1    Siow, A.2
  • 2
    • 0000236869 scopus 로고
    • Household Choices in Equilibrium
    • Altug, S., and Miller, R. (1990), “Household Choices in Equilibrium,” Econometrica, 58, 543-570.
    • (1990) Econometrica , vol.58 , pp. 543-570
    • Altug, S.1    Miller, R.2
  • 4
    • 38349068317 scopus 로고
    • The Effect of Age at School Entry on Educational Attainment: An Application of Instrumental Variables With Moments From Two Samples
    • Angrist, J., and Krueger, A. (1992), “The Effect of Age at School Entry on Educational Attainment: An Application of Instrumental Variables With Moments From Two Samples,” Journal of the American Statistical Association, 87, 328-336.
    • (1992) Journal of the American Statistical Association , vol.87 , pp. 328-336
    • Angrist, J.1    Krueger, A.2
  • 5
    • 84963048926 scopus 로고
    • Female Labour Supply and On-the-Job Search: An Empirical Model Estimated Using Complementary Data Sets
    • Arellano, M., and Meghir, C. (1992), “Female Labour Supply and On-the-Job Search: An Empirical Model Estimated Using Complementary Data Sets,” Review of Economic Studies, 59, 537-559.
    • (1992) Review of Economic Studies , vol.59 , pp. 537-559
    • Arellano, M.1    Meghir, C.2
  • 7
    • 84871768280 scopus 로고
    • Problems With Instrumental Variables Estimation When the Correlation Between the Instruments and the Endogenous Explanatory Variable Is Weak
    • Bound, J., Jaeger, D., and Baker, R. (1995), “Problems With Instrumental Variables Estimation When the Correlation Between the Instruments and the Endogenous Explanatory Variable Is Weak,” Journal of the American Statistical Association, 90, 443-450.
    • (1995) Journal of the American Statistical Association , vol.90 , pp. 443-450
    • Bound, J.1    Jaeger, D.2    Baker, R.3
  • 9
    • 0002982299 scopus 로고
    • Consumption Growth Parallels Income Growth: Some New Evidence
    • D. Berhneim and J. Shoven, Chicago: University of Chicago Press
    • Carroll, C., and Summers, L. (1991), “Consumption Growth Parallels Income Growth: Some New Evidence,” in National Saving and Economic Performance, eds. D. Berhneim and J. Shoven, Chicago: University of Chicago Press, pp. 305-343.
    • (1991) National saving and Economic Performance , pp. 305-343
    • Carroll, C.1    Summers, L.2
  • 10
    • 0028600139 scopus 로고
    • How Does Future Income Affect Current Consumption?
    • Carroll, C. (1994), “How Does Future Income Affect Current Consumption?” Quarterly Journal of Economics, 59, 111-148.
    • (1994) Quarterly Journal of Economics , vol.59 , pp. 111-148
    • Carroll, C.1
  • 11
    • 70350118398 scopus 로고
    • Panel Data
    • Z. Griliches and M. Intriligator, New York: North-Holland
    • Chamberlain, G. (1984), “Panel Data,” in The Handbook of Econometrics (Vol. 2), eds. Z. Griliches and M. Intriligator, New York: North-Holland, pp. 1247-1318.
    • (1984) The Handbook of Econometrics , vol.2 , pp. 1247-1318
    • Chamberlain, G.1
  • 13
    • 0002572741 scopus 로고
    • Individual Retirement and Savings Behavior
    • Diamond, P., and Hausman, J. (1984), “Individual Retirement and Savings Behavior,” Journal of Public Economics, 23, 81-114.
    • (1984) Journal of Public Economics , vol.23 , pp. 81-114
    • Diamond, P.1    Hausman, J.2
  • 14
    • 0000527972 scopus 로고
    • The Adjustment of Consumption to Changing Expectations About Future Income
    • Flavin, M. (1981), “The Adjustment of Consumption to Changing Expectations About Future Income,” Journal of Political Economy, 89, 974-1009.
    • (1981) Journal of Political Economy , vol.89 , pp. 974-1009
    • Flavin, M.1
  • 15
    • 0000155749 scopus 로고
    • Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence
    • Hall, R. (1978), “Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence,” Journal of Political Economy, 86, 971-987.
    • (1978) Journal of Political Economy , vol.86 , pp. 971-987
    • Hall, R.1
  • 16
    • 0001075117 scopus 로고
    • The Sensitivity of Consumption to Transitory Income: Estimates From Panel Data on Households
    • Hall, R., and Mishkin, F. (1982), “The Sensitivity of Consumption to Transitory Income: Estimates From Panel Data on Households,” Econometrica, 50, 461-481.
    • (1982) Econometrica , vol.50 , pp. 461-481
    • Hall, R.1    Mishkin, F.2
  • 17
    • 0040227189 scopus 로고
    • Sensitivity of Tests of the PIH to Alternative Consumption Proxies
    • Lage, M. J. (1991), “Sensitivity of Tests of the PIH to Alternative Consumption Proxies,” Economics Letters, 36, 429-433.
    • (1991) Economics Letters , vol.36 , pp. 429-433
    • Lage, M.J.1
  • 19
    • 0000868116 scopus 로고
    • Halls Consumption Hypothesis and Durable Goods,”
    • Mankiw, G. (1982), “Hall’s Consumption Hypothesis and Durable Goods,” Journal of Monetary Economics, 10, 417-425.
    • (1982) Journal of Monetary Economics , vol.10 , pp. 417-425
    • Mankiw, G.1
  • 20
    • 21144473367 scopus 로고
    • Unanticipated Aggregate Disturbances and Tests of the Life Cycle Model Using Panel Data
    • Mariger, R., and Shaw, K. (1993), “Unanticipated Aggregate Disturbances and Tests of the Life Cycle Model Using Panel Data,” Review of Economics and Statistics, 75, 48-56.
    • (1993) Review of Economics and Statistics , vol.75 , pp. 48-56
    • Mariger, R.1    Shaw, K.2
  • 21
    • 0000878807 scopus 로고
    • The Distribution of the Instrumental Variables Estimator and its i-Ratio When the Instrument Is a Poor One
    • Nelson, C., and Startz, R. (1990a), “The Distribution of the Instrumental Variables Estimator and its i-Ratio When the Instrument Is a Poor One,” Journal of Business, 63, 125-140.
    • (1990) Journal of Business , vol.63 , pp. 125-140
    • Nelson, C.1    Startz, R.2
  • 22
    • 0001357611 scopus 로고
    • Some Further Results on the Exact Small Sample Properties of the Instrumental Variables Estimator
    • Nelson, C., and Startz, R. (1990b), “Some Further Results on the Exact Small Sample Properties of the Instrumental Variables Estimator,” Econometrica, 58, 967-976.
    • (1990) Econometrica , vol.58 , pp. 967-976
    • Nelson, C.1    Startz, R.2
  • 23
    • 0001885680 scopus 로고
    • Union Contracts and the Life-Cycle Permanent Income Hypothesis
    • Shea, J. (1995), “Union Contracts and the Life-Cycle Permanent Income Hypothesis,” American Economic Review, 85, 186-200.
    • (1995) American Economic Review , vol.85 , pp. 186-200
    • Shea, J.1
  • 25
    • 44949275901 scopus 로고
    • Liquidity Constraints and the Permanent-Income Hypothesis: Evidence From Panel Data
    • Runkle, D. (1991), “Liquidity Constraints and the Permanent-Income Hypothesis: Evidence From Panel Data,” Journal of Monetary Economics, 27, 73-98.
    • (1991) Journal of Monetary Economics , vol.27 , pp. 73-98
    • Runkle, D.1
  • 26
    • 84936047538 scopus 로고
    • Consumption and Liquidity Constraints: An Empirical Investigation
    • Zeldes, S. (1989), “Consumption and Liquidity Constraints: An Empirical Investigation,” Journal of Political Economy, 97, 305-346.
    • (1989) Journal of Political Economy , vol.97 , pp. 305-346
    • Zeldes, S.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.