Using subjective income expectations to test for excess sensitivity of consumption to predicted income growth

By Tullio Jappelli, Luigi Pistaferri. 2000

111 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/28cda8f0986f0500ecb4edaf5021689d8004aa6f

Citations in the corpus

• The Consumption Response to Income Changes (2009, unknown): “Jappelli and Pistaferri (2000) use subjective quantitative income use CEX data on car loans (instead of consumption data) to show that particularly for poor households the demand for loans is more sensitive to the quantity of debt (which they measure with loan maturity) than to the price of debt…”
• Expectations, Heterogeneous Forecast Errors, and Consumption: Micro Evidence from the Michigan Consumer Sentiment Surveys (2004, unknown): “A recent paper by Jappelli and Pistaferri (2000) uses a few cross sections of income expectations from an Italian Survey in an Euler equation.”