Trickle-Down Consumption

By Marianne Bertrand, Adair Morse. Review of Economics and Statistics, 2016

222 citations recorded by the source corpus.

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Status Goods: Experimental Evidence from Platinum Credit Cards (2017, background): “A second type of evidence in this literature establishes peer effects in consumption (Kuhn et al. 2011; Agarwal, Mikhed, and Scholnick 2016; Bertrand and Morse 2016).”
Inequality, the Great Recession, and Slow Recovery (2014, unknown): “Bertrand and Morse (2013) find that faster income growth in the top part of a state’s income distribution raises consumption significantly for”
Inequality, credit and financial crises (2016, background): “Similarly, Bertrand and Morse (2013) find that the consumption expenditure and income of rich households within each US state is a significant predictor of the consumption expenditure of non-rich households within that state, holding the income of those middle-income households constant.”
Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data (2016, unknown): “First, the fall in bottom 90% saving might itself be a consequence of the increase in income inequality and the lackluster growth of middle-class income (Bertrand and Morse, 2013).”