EARNINGS AND CONSUMPTION DYNAMICS: A NONLINEAR PANEL DATA FRAMEWORK

We develop a new quantile-based panel data framework to study the nature of income persistence and the transmission of income shocks to consumption. Log-earnings are the sum of a general Markovian persistent component and a transitory innovation. The persistence of past shocks to earnings is allowed...

Full description

Saved in:
Bibliographic details
Volume: 85
Main Author: Manuel Arellano
Richard Blundell
Stéphane Bonhomme
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Oxford, UK Econometric Society 01.05.2017
Blackwell Publishing Ltd
WILEY
Wiley Subscription Services, Inc
published in: Econometrica Vol. 85; no. 3; pp. 693 - 734
ORCID: 0000-0003-1588-2299
Data of publication: 20170501
ISSN: 0012-9682
1468-0262
EISSN: 1468-0262
Discipline: Economics
Mathematics
Subjects:
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Science Citation Index Expanded - 2017
Web of Science - Social Sciences Citation Index - 2017
Web of Knowledge
Science Citation Index Expanded
Web of Science
CrossRef
Gale General OneFile (A&I only)
Academic OneFile (A&I only)
Database information Databases - DBIS