"Data and Code for: "Reported MPC and Unobserved Heterogeneity"

Principal Investigator(s):  View help for Principal Investigator(s) Tullio Jappelli, University of Naples Federico II; Luigi Pistaferri, Stanford University

Version:  View help for Version V2

Name File Type Size Last Modified
README.pdf application/pdf 212.2 KB 02/04/2020 09:03:AM
mpc_2010_2016.do text/x-stata-syntax 20.2 KB 02/04/2020 09:03:AM
mpc_2010_2016.dta application/x-stata 1.8 MB 02/04/2020 09:03:AM

Project Citation: 

Jappelli, Tullio, and Pistaferri, Luigi. "Data and Code for: “Reported MPC and Unobserved Heterogeneity.” Nashville, TN: American Economic Association [publisher], 2020. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-10-28. https://doi.org/10.3886/E116762V2

Project Description

Summary:  View help for Summary Panel data on reported marginal propensity to consume (MPC) in the 2010 and 2016 Italy’s Survey  of Household Income and Wealth uncover a strong negative relationship between cash-on-hand and MPC. Even though the relationship is attenuated when using regression methods that control for unobserved heterogeneity, the amount of bias is moderate. MPC estimates are used to evaluate
the effectiveness of revenue-neutral fiscal policies targeting different parts of the distribution of household resources

Scope of Project

Subject Terms:  View help for Subject Terms Transitory Income Shocks; Marginal Propensity to Consume; Panel data
JEL Classification:  View help for JEL Classification
      D12 Consumer Economics: Empirical Analysis
      D14 Household Saving; Personal Finance
      E21 Macroeconomics: Consumption; Saving; Wealth
Geographic Coverage:  View help for Geographic Coverage Italy
Time Period(s):  View help for Time Period(s) 2010 – 2016


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Published Versions

V2 [2020-10-28]

V1 [2019-12-16]

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