search query: @author Pistaferri, L. / total: 6
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| Author: | Jappelli, T. Pistaferri, L. |
| Title: | Intertemporal choice and consumption mobility |
| Journal: | Journal of the European Economic Association
2006 : MAR, VOL. 4:1, p. 75-115 |
| Index terms: | consumption incomes wealth |
| Language: | eng |
| Abstract: | This article discusses the empirical transition matrix of consuption using a panel drawn from the Bank of Italy Survey of Household Income and Wealt. The results strongly reject the consumption insurance model and indicates that households smooth income shocks to a lesser extent than implied by the permanent income hypothesis. |
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