The Long-Run Consumption Effects of Earnings Shocks

By Melvin Stephens. Review of Economics and Statistics, 2001

214 citations recorded by the source corpus.

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Disability, earnings, income and consumption (2013, background): “Stephens (2001) analyzes some of these outcomes as well as food consumption.”
Income Changes and Consumption: Evidence from the 2013 Federal Government Shutdown (2015, background): “Work including Gruber (1997), Wolpin (1982), Pistaferri (2001), Stephens (2001), Stephens (2003) and Jappelli and Pistaferri (2007) demonstrate these strong responses empirically.”
Labor market dynamics under long-term wage contracting ☆ (2009, background): “find a 5% drop in food consumption, Gruber (1997) and Stephens (2001) respectively 7% and 10% drops in food expenditures.”
Unemployment and consumption near and far away from the Mediterranean (2008, methodology): “Possibly, the most comparable results are obtained with the PSID by Stephens (2001) , who reports a 9% drop in annual food consumption for US households whose head is displaced from his job.”
The Consumption Response to Income Changes (2009, background): “37 income changes due to illness or disability, as in Stephens, 2001).”
The impact of job loss on family dissolution (2012, methodology): “Using the Panel Study of Income Dynamics, Charles and Stephens (2004) find an increase in the probability of divorce following a spouse’s job displacement in the first three years.”