An analysis of trends, perceptions, and distributional effects in consumption

The Great Recession

Volumn , Issue , 2011, Pages 161-195

  Petev, Ivaylo D ^a   Pistaferri, Lugi ^b   Saporta Eksten, Itay ^b  

^a CREST   (France)

^b STANFORD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84879082276     PISSN: None     EISSN: None     Source Type: Book    
DOI: None     Document Type: Chapter

References (29)

1. Aguiar, Mark and Erik Hurst. 2005. "Consumption vs. Expenditure." Journal of Political Economy 113(5): 919-48.
2. Attanasio, Orazio, Eric Battistin, and Andrew Leicester. 2006. "From Micro to Macro, from Poor to Rich: Consumption and Income in the UK and the US." Unpublished manuscript. National Poverty Center, University of Michigan.
3. Bertola, Giuseppe, Luigi Guiso, and Luigi Pistaferri. 2005. "Uncertainty and Consumer Durables Adjustment." Review of Economic Studies 72(4): 973-1007.
4. Bloom, Nicholas. 2009. "The Impact of Uncertainty Shocks." Econometrica 77(3): 623-85.
5. Broda, Christian, and Jonathan Parker. 2008. "The Impact of the 2008 Tax Rebates on Consumer Spending: Preliminary Evidence." Unpublished manuscript. Kellogg School of Management, Evanston, Ill.
6. Burtless, Gary. 2009. "The Social Protection for the Economic Crisis: The U.S. Experience." Washington, D.C.: Brookings Institution.
7. Calem, Paul, Kevin Gillen, and Susan Wachter. 2004. "The Neighborhood Distribution of Subprime Mortgage Lending." Journal of Real Estate Finance and Economics 29(4): 393-410.
8. Carroll, Christopher D., and Andrew A. Samwick. 1997. "The Nature of Precautionary Wealth." Journal of Monetary Economics 40(1): 41-71.
9. Chetty, Raj, and Adam Szeidl. 2007. "Consumption Commitments and Risk Preferences." Quarterly Journal of Economics 122(2): 831-877.
10. Congressional Budget Office. 2007. "Housing Wealth and Consumer Spending." Washington: U.S. Government Printing Office.
11. Curtin, Richard. 2008. "Consumer Sentiment Index." In Encyclopedia of Survey Research Methods, edited by Paul J. Lavrakas. Thousand Oaks, Calif.: Sage Publications.
12. Curtin, Richard. 2008. 2010. "Surveys of Consumers." Ann Arbor: University of Michigan.
13. Hamilton, James D. 2009. "Causes and Consequences of the Oil Shock of 2007-08." Brookings Papers on Economic Activity, Spring 2009: 215-59.
14. Harris, Ed, and John Sabelhaus. 2000. "Consumer Expenditure Survey. Family Level Extracts 1980:1-1998:2." Unpublished manuscript. Cambridge, Mass.: National Bureau of Economic Research.
15. Heathcote, Jonathan, Fabrizio Perri, and Gianluca Violante. 2010. "Inequality in Times of Crisis: Lessons from the Past and a First Look at the Current Recession." VoxEU.org, February 2. Available at: http://www.voxeu.org/index.php?q=node/4548; accessed May 26, 2011.
16. Jappelli, Tullio, and Luigi Pistaferri. 2004. "Intertemporal Choice and Consumption Mobility." Journal of the European Economic Association 4(1): 75-115.
17. Juster, F. Thomas, Joseph P. Lupton, James P. Smith, and Frank Stafford. 2006. "The Decline in Household Savings and the Wealth Effect." Review of Economics and Statistics 88(1): 20-27.
18. Krueger, Dirk, and Fabrizio Perri. 2006. "Does Income Inequality Lead to Consumption Inequality? Evidence and Theory." Review of Economic Studies 73(1): 163-93.
19. Ludvigson, Sidney. 2004. "Consumer Confidence and Consumer Spending." Journal of Economic Perspectives 18(2): 29-50.
20. Mabli, James, Rhoda Cohen, Frank Potter, and Zhanyun Zhao. 2010. "Hunger in America 2010." Cambridge, Mass.: Mathematica Policy Research.
21. Mian, Atif, and Amir Sufi. 2009. "The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis." Quarterly Journal of Economics 124(4): 1449-96.
22. Parker, Jonathan A., and Annette Vissing-Jorgensen. 2009. "Who Bears Aggregate Fluctuations and How?" American Economic Review 99(2): 399-405.
23. Poterba, James M. 2000. "Stock Market Wealth and Consumption." Journal of Economic Perspectives 14(2): 99-118.
24. Souleles, Nicholas. 2004. "Expectations, Heterogeneous Forecast Errors, and Consumption: Micro Evidence from the Michigan Consumer Sentiment Surveys." Journal of Money, Credit, and Banking 36(1): 39-72.
25. U.S. Department of Commerce, Bureau of Economic Analysis. 2011. "GDP and the National Income and Product Account (NIPA) Historical Tables." Available at: http://www.bea.gov/iTable/index_nipa.cfm; accessed July 12, 2011.
26. U.S. Department of Labor, Bureau of Labor Statistics. Various years. "Consumer Expenditure Survey." Public Use Microdata. Available at: http://www.bls.gov/cex/; accessed July 12, 2011.
27. U.S. Department of Labor, Bureau of Labor Statistics. 2011. "Current Population Survey: Monthly Table: Employment Status by Race and Hispanic Ethnicity, Table A.4." Available at: http://www.bls.gov/cps/demographics.htm#race; accessed July 12, 2011.
28. U.S. Department of Transportation. 2009. "Consumer Assistance to Recycle and Save Act of 2009." Report to the House Committee on Energy and Commerce, the Senate Committee on Commerce, Science, and Transportation, and the House and Senate Committees on Appropriations. Washington: U.S. Government Printing Office.
29. Wolff, Edward. 2010. "Recent Trends in Household Wealth in the United States: Rising Debt and the Middle-Class Squeeze." Working Paper No. 583. New York: Levy Economics Institute of Bard College.