The permanent income hypothesis
In: Journal of Monetary Economics, Band 43, Heft 2, S. 351-376
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In: Journal of Monetary Economics, Band 43, Heft 2, S. 351-376
In: Bank of Finland Research Discussion Paper No. 15/1995
SSRN
Working paper
In: Journal of development economics, Band 8, Heft 2, S. 263-268
ISSN: 0304-3878
In: Journal of development economics, Band 5, Heft 4, S. 399-402
ISSN: 0304-3878
In: Journal of development economics, Band 3, Heft 3, S. 289-297
ISSN: 0304-3878
In: Journal of economics and business, Band 49, Heft 1, S. 77-90
ISSN: 0148-6195
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In: Journal of Monetary Economics, Band 27, Heft 1, S. 73-98
In: The Manchester School, Band 42, Heft 4, S. 311-324
ISSN: 1467-9957
In: Journal of political economy, Band 77, Heft 5, S. 857-861
ISSN: 1537-534X
In: Ruhr Economic Paper No. 363
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Working paper
In: The Manchester School, Band 63, Heft 2, S. 125-144
ISSN: 1467-9957
In: World Development, Band 96, S. 438-450
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Working paper
In: Economica, Band 73, Heft 289, S. 27-46
ISSN: 1468-0335
Friedman's Permanent Income Hypothesis (PIH) predicts that the income elasticity of consumption should be higher for households for which a large fraction of the variation of their income is permanent than for households facing more transitory variations in income. We test this prediction using modern household data from the US Consumer Expenditure Survey. The results offer some support for the PIH.