Matches in SemOpenAlex for { <https://semopenalex.org/work/W1604660278> ?p ?o ?g. }
- W1604660278 abstract "We remove the aggregate US-wide component in US state level disposable income and consumption and find that state-specific consumption exhibits substantially less excess sensitivity to lagged state-specific disposable income than if the aggregate component is not controlled for. This is evidence that excess sensitivity of consumption in aggregate US data is driven to a large extent by US-wide effects since, in the aggregate, demand. Ordering states by the persistence of income shocks, we find that removal states by the same amount and that the excess sensitivity of consumption is greater in states with more persistent income shocks. We also find that state-specific disposable income and consumption exhibit excess smoothness in the sense of Campbell and to current state-specific income; in particular for positive shocks. Finally, we study patterns of consumption smoothing via bank savings deposits and loans. Our results point to credit market imperfections as the most plausible explanation for excess smoothness and the remaining excess sensitivity." @default.
- W1604660278 created "2016-06-24" @default.
- W1604660278 creator A5009946564 @default.
- W1604660278 creator A5015875403 @default.
- W1604660278 creator A5038486950 @default.
- W1604660278 date "1998-04-01" @default.
- W1604660278 modified "2023-09-27" @default.
- W1604660278 title "Permanent Income, Consumption, and Aggregate Constraints: Evidence from U.S. States" @default.
- W1604660278 doi "https://doi.org/10.22004/ag.econ.275632" @default.
- W1604660278 hasPublicationYear "1998" @default.
- W1604660278 type Work @default.
- W1604660278 sameAs 1604660278 @default.
- W1604660278 citedByCount "0" @default.
- W1604660278 crossrefType "posted-content" @default.
- W1604660278 hasAuthorship W1604660278A5009946564 @default.
- W1604660278 hasAuthorship W1604660278A5015875403 @default.
- W1604660278 hasAuthorship W1604660278A5038486950 @default.
- W1604660278 hasConcept C102634674 @default.
- W1604660278 hasConcept C105795698 @default.
- W1604660278 hasConcept C126285488 @default.
- W1604660278 hasConcept C127413603 @default.
- W1604660278 hasConcept C134306372 @default.
- W1604660278 hasConcept C139719470 @default.
- W1604660278 hasConcept C144024400 @default.
- W1604660278 hasConcept C148179231 @default.
- W1604660278 hasConcept C149782125 @default.
- W1604660278 hasConcept C159985019 @default.
- W1604660278 hasConcept C162324750 @default.
- W1604660278 hasConcept C169488363 @default.
- W1604660278 hasConcept C183582576 @default.
- W1604660278 hasConcept C192250389 @default.
- W1604660278 hasConcept C192562407 @default.
- W1604660278 hasConcept C194425066 @default.
- W1604660278 hasConcept C200890946 @default.
- W1604660278 hasConcept C203379541 @default.
- W1604660278 hasConcept C21200559 @default.
- W1604660278 hasConcept C24326235 @default.
- W1604660278 hasConcept C2524010 @default.
- W1604660278 hasConcept C2778762746 @default.
- W1604660278 hasConcept C28719098 @default.
- W1604660278 hasConcept C30772137 @default.
- W1604660278 hasConcept C33923547 @default.
- W1604660278 hasConcept C36289849 @default.
- W1604660278 hasConcept C3770464 @default.
- W1604660278 hasConcept C45555294 @default.
- W1604660278 hasConcept C4679612 @default.
- W1604660278 hasConcept C519300510 @default.
- W1604660278 hasConcept C524878704 @default.
- W1604660278 hasConcept C556758197 @default.
- W1604660278 hasConcept C83873408 @default.
- W1604660278 hasConcept C89967458 @default.
- W1604660278 hasConceptScore W1604660278C102634674 @default.
- W1604660278 hasConceptScore W1604660278C105795698 @default.
- W1604660278 hasConceptScore W1604660278C126285488 @default.
- W1604660278 hasConceptScore W1604660278C127413603 @default.
- W1604660278 hasConceptScore W1604660278C134306372 @default.
- W1604660278 hasConceptScore W1604660278C139719470 @default.
- W1604660278 hasConceptScore W1604660278C144024400 @default.
- W1604660278 hasConceptScore W1604660278C148179231 @default.
- W1604660278 hasConceptScore W1604660278C149782125 @default.
- W1604660278 hasConceptScore W1604660278C159985019 @default.
- W1604660278 hasConceptScore W1604660278C162324750 @default.
- W1604660278 hasConceptScore W1604660278C169488363 @default.
- W1604660278 hasConceptScore W1604660278C183582576 @default.
- W1604660278 hasConceptScore W1604660278C192250389 @default.
- W1604660278 hasConceptScore W1604660278C192562407 @default.
- W1604660278 hasConceptScore W1604660278C194425066 @default.
- W1604660278 hasConceptScore W1604660278C200890946 @default.
- W1604660278 hasConceptScore W1604660278C203379541 @default.
- W1604660278 hasConceptScore W1604660278C21200559 @default.
- W1604660278 hasConceptScore W1604660278C24326235 @default.
- W1604660278 hasConceptScore W1604660278C2524010 @default.
- W1604660278 hasConceptScore W1604660278C2778762746 @default.
- W1604660278 hasConceptScore W1604660278C28719098 @default.
- W1604660278 hasConceptScore W1604660278C30772137 @default.
- W1604660278 hasConceptScore W1604660278C33923547 @default.
- W1604660278 hasConceptScore W1604660278C36289849 @default.
- W1604660278 hasConceptScore W1604660278C3770464 @default.
- W1604660278 hasConceptScore W1604660278C45555294 @default.
- W1604660278 hasConceptScore W1604660278C4679612 @default.
- W1604660278 hasConceptScore W1604660278C519300510 @default.
- W1604660278 hasConceptScore W1604660278C524878704 @default.
- W1604660278 hasConceptScore W1604660278C556758197 @default.
- W1604660278 hasConceptScore W1604660278C83873408 @default.
- W1604660278 hasConceptScore W1604660278C89967458 @default.
- W1604660278 hasLocation W16046602781 @default.
- W1604660278 hasOpenAccess W1604660278 @default.
- W1604660278 hasPrimaryLocation W16046602781 @default.
- W1604660278 hasRelatedWork W1199974825 @default.
- W1604660278 hasRelatedWork W169371546 @default.
- W1604660278 hasRelatedWork W2134491416 @default.
- W1604660278 hasRelatedWork W2568663776 @default.
- W1604660278 hasRelatedWork W257536215 @default.
- W1604660278 hasRelatedWork W2590963285 @default.
- W1604660278 hasRelatedWork W2606244893 @default.
- W1604660278 hasRelatedWork W2616809669 @default.
- W1604660278 hasRelatedWork W2734998172 @default.
- W1604660278 hasRelatedWork W2889599479 @default.
- W1604660278 hasRelatedWork W2900634584 @default.
- W1604660278 hasRelatedWork W2904645496 @default.