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- W3122152106 abstract "We use panel data on reported marginal propensity to consume (MPC) in the 2010 and 2016 Italy’s Survey of Household Income and Wealth. We uncover a strong negative relationship between cash-on-hand and MPC. This relation is attenuated by using regression methods that control for unobserved heterogeneity. The estimates are used to show that the effectiveness of revenue-neutral fiscal policies is much weaker relative to a case in which both observed and unobserved heterogeneity are not taken into account, particularly for policies that target the bottom part of the distribution of household resources." @default.
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- W3122152106 date "2018-06-29" @default.
- W3122152106 modified "2023-09-27" @default.
- W3122152106 title "Reported MPC and Unobserved Heterogeneity" @default.
- W3122152106 hasPublicationYear "2018" @default.
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