We study the consumption response to typical labor income shocks and investigate how these vary by wealth and race. First, we estimate the elasticity of consumption with respect to income using an ...
Citations: Ponticelli, Jacopo, Amir Sufi, Atif Mian, Gabriel Garber. 2024. Consumption Smoothing or Consumption Binging? The effects of government-led consumer credit expansion in Brazil. Journal of ...
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