Author: Joseph P. DeJuan
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
We use modern cross-sectional data and methods to conduct Friedman's (1957) classification tests of the Permanent Income Hypothesis. Our data are much superior to those available to Friedman and allow us to perform tests Friedman could not do. Some of our tests also benefit from econometric advances since Friedman published. The tests use different identifying restrictions than either Euler equation or consumption function tests, thus complementing those tests and adding considerable robustness to tests of the PIH. The results provide overall but not universal support for the PIH.
Testing the Permanent Income Hypothesis with Classification Methods
Author: Joseph P. DeJuan
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
We use modern cross-sectional data and methods to conduct Friedman's (1957) classification tests of the Permanent Income Hypothesis. Our data are much superior to those available to Friedman and allow us to perform tests Friedman could not do. Some of our tests also benefit from econometric advances since Friedman published. The tests use different identifying restrictions than either Euler equation or consumption function tests, thus complementing those tests and adding considerable robustness to tests of the PIH. The results provide overall but not universal support for the PIH.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
We use modern cross-sectional data and methods to conduct Friedman's (1957) classification tests of the Permanent Income Hypothesis. Our data are much superior to those available to Friedman and allow us to perform tests Friedman could not do. Some of our tests also benefit from econometric advances since Friedman published. The tests use different identifying restrictions than either Euler equation or consumption function tests, thus complementing those tests and adding considerable robustness to tests of the PIH. The results provide overall but not universal support for the PIH.
A Test of the Permanent Income Hypothesis
Weekly Weather and Crop Bulletin
A Direct Test of the Permanent Income Hypothesis with an Application to the U.S. States
Author: Joseph P. DeJuan
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This paper tests the prediction of the Permanent Income Hypothesis (PIH) that news about future income induce a revision in consumption equal to the revision in permanent income. We use time-series data from 48 contiguous US states to perform the test. The empirical results provide some support for the PIH across states.
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This paper tests the prediction of the Permanent Income Hypothesis (PIH) that news about future income induce a revision in consumption equal to the revision in permanent income. We use time-series data from 48 contiguous US states to perform the test. The empirical results provide some support for the PIH across states.
Testing Hall's Permanent Income Hypothesis for a Developing Country
Author: B. Bhaskara Rao
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 24
Book Description
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 24
Book Description
Income Decomposition and the Permanent Income Hypothesis
Testing the Permanent Income Hypothesis of the Consumption Function Using a Distributed Lag Formulation
Author: David J. Smyth
Publisher:
ISBN:
Category : Income
Languages : en
Pages : 22
Book Description
Publisher:
ISBN:
Category : Income
Languages : en
Pages : 22
Book Description
Testing the Permanent Income Hypothesis : the Evidence from Canadian Data
Author: Tony S. Wirjanto
Publisher: Kingston, Ont. : Institute for Economic Research, Queen's University
ISBN:
Category :
Languages : en
Pages : 24
Book Description
Publisher: Kingston, Ont. : Institute for Economic Research, Queen's University
ISBN:
Category :
Languages : en
Pages : 24
Book Description
Testing the Cross-section Implications of Friedman's Permanent Income Hypothesis
Testing the Permanent Income Hypothesis in Japan and Korea
Author: David A. Riker
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 202
Book Description
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 202
Book Description