Income volatility and household consumption: The impact of food assistance programs

Journal of Human Resources

Volumn 38, Issue SUPPLEMENT, 2003, Pages 1032-1050

  Blundell, Richard ^a   Pistaferri, Luigi ^b  

^a UNIVERSITY COLLEGE LONDON   (United Kingdom)

^b STANFORD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CONSUMPTION BEHAVIOR; FOOD AID; HOUSEHOLD EXPENDITURE; INCOME DISTRIBUTION; LOW INCOME POPULATION;

UNITED STATES;

EID: 0344928534     PISSN: 0022166X     EISSN: None     Source Type: Journal    
DOI: 10.2307/3558980     Document Type: Article

References (31)

1. Abowd, John, and David Card. 1989. "On the Covariance Structure of Earnings and Hours Changes." Econometrica 57(2):411-45.
2. Altonji, Joseph G., and Lewis M. Segal. 1996. "Small-Sample Bias in GMM Estimation of Covariance Structures." Journal of Business and Economic Statistics 14(3):353-66.
3. Attanasio, Orazio, and Victor Rios-Rull. 2000. "Consumption-smoothing in Island Economies: Can Public Insurance Reduce Welfare?" European Economic Review 44(7):1225-58.
4. Auerbach, Alan J., and Daniel Feenberg. 2000. "The Significance of Federal Taxes as Automatic Stabilizers." Journal of Economic Perspectives 14 (Summer):37-56.
5. Blundell, Richard, and Ian Preston. 1998. "Consumption Inequality and Income Uncertainty." Quarterly Journal of Economics 113(2):603-40.
6. Blundell, Richard, Luigi Pistaferri, and Ian Preston. 2002. "Consumption Inequality and Partial Insurance." Institute for Fiscal Studies Working Paper 02/12.
7. Bound, John, Charles Brown, Greg J. Duncan, and William L. Rodgers. 1994. "Evidence on the Validity of Cross-Sectional and Longitudinal Labor Market Data." Journal of Labor Economics 12(3):345-68.
8. Browning, Martin, and Thomas Crossley. 2001. "Unemployment Insurance Benefit Levels and Consumption Changes." Journal of Public Economics 80(1):1-23.
9. Currie, Janet. 2003. "U.S. Food and Nutrition Programs." In Means-Tested Transfer Programs in the United States, ed. Robert Moffitt, Chicago: University of Chicago Press. Forthcoming.
10. Cutler, David, and Lawrence Katz. 1992. "Rising Inequality? Changes in the Distribution of Income and Consumption in the 1980s." American Economic Review 82(2):546-51.
11. Davis, Steven, and Paul Willen. 2000. "Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice." NBER Working Paper 7905.
12. Engen, Eric, and Jonathan Gruber. 2001. "Unemployment Insurance and Precautionary Savings." Journal of Monetary Economics 47(3):545-79.
13. Fay, Scott, Erik Hurst, and Michelle White. 2002. "The Consumer Bankruptcy Decision." American Economic Review 92(3 ):706-18.
14. Gruber, Jonathan. 2000. "Cash Welfare as a Consumption-smoothing Mechanism for Single Mothers." Journal of Public Economics 75(2):157-82.
15. Gruber, Jonathan, and Aaron Yelowitz. 1999. "Public Health Insurance and Private Savings." Journal of Political Economy 107(6):1249-74.
16. Guiso, Luigi, Luigi Pistaferri, and Fabiano Schivardi. 2003. "Insurance Within the Firm." Stanford University, Department of Economics, Unpublished.
17. Gundersen, Craig, and James Ziliak. 2003. "The Role of Food Stamps in Consumption Stabilization." Journal of Human Resources. Forthcoming.
18. Haider, Steven J., Robert F. Schoeni, and Alison Jacknowitz. 2002. "Food Stamps and the Elderly: Why is Participation So Low?" University of Michigan, Department of Economics. Unpublished.
19. Hall, Robert, and Fredrick Mishkin. 1982. "The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data of Households." Econometrica 50(2):261-81.
20. Hill, Martha S. 1992. The Panel Study of Income Dynamics: A User's Guide. Newbury Park, Calif.: Sage Publications.
21. Hurst, Erik, and Frank Stafford. 2003. "Home Is Where the Equity Is: Liquidity Constraints, Refinancing and Consumption." Journal of Money, Credit, and Banking. Forthcoming.
22. Keane, Michael, and Robert Moffitt. 1998. "A Structural Model of Multiple Welfare Program Participation and Labor Supply." International Economic Review 39(3):553-89.
23. Kniesner, Thomas J., and James P. Ziliak. 2002. "Tax Reform and Automatic Stabilization." American Economic Review 92(3 ):590-612.
24. Kotlikoff, Lawrence, and Avia Spivak. 1981. "The Family as an Incomplete Annuities Market." Journal of Political Economy 89(2):372-91.
25. MaCurdy, Thomas E. 1982. "The Use of Time Series Processes to Model the Error Structure of Earnings in a Longitudinal Data Analysis." Journal of Econometrics 18(1):82-114.
26. Mankiw, Gregory, and Miles Kimball. 1992. "Precautionary Saving and the Timing of Taxes." Journal of Political Economy 97(4):863-79.
27. Meghir, Costas, and Luigi Pistaferri. 2003. "Income Variance Dynamics and Heterogeneity." Econometrica. Forthcoming.
28. Moffitt, Robert, and Peter Gottschalk. 1994. "Trends in the Autocovariance Structure of Earnings in the US: 1969-1987." Brown University, Department of Economics. Unpublished.
29. Runkle, David E. 1991. "Liquidity Constraints and the Permanent-Income Hypothesis: Evidence from Panel Data." Journal of Monetary Economics 27(1):73-98.
30. Stephens, Melvin Jr. 2002. "Worker Displacement and the Added Worker Effect." Journal of Labor Economics 20(3):504-37.
31. Ziliak, James P. 1998. "Does The Choice of Consumption Measure Matter? An Application to the Permanent-Income Hypothesis." Journal of Monetary Economics 41(1):201-16.