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Consumption Adjustment under Time-Varying Income Uncertainty
16 references·16 citing·40 second hopsampled
Consumption Adjustment under Time-Varying Income Uncertainty (1999)Consumption Adjustment under Time-Varying…On the Concavity of the Consumption Function (1996)On the Concavity of the Consu…How Prudent are Consumers? (1993)How Prudent are Consumers?The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence (1992)The Buffer-Stock Theory of Sa…A Simple Test of Consumption Insurance (1991)A Simple Test of Consumption …Permanent Income, Current Income, and Consumption (1990)Permanent Income, Current Inc…Habit Formation: A Resolution of the Equity Premium Puzzle (1990)Habit Formation: A Resolution…Consumption puzzles and precautionary savings (1990)Consumption puzzles and preca…Why is Consumption So Smooth? (1989)Why is Consumption So Smooth?Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence (1989)Optimal Consumption with Stoc…Risky income, life cycle consumption, and precautionary savings (1988)Risky income, life cycle cons…Intertemporal Substitution in Consumption (1988)Intertemporal Substitution in…Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis (1987)Does Saving Anticipate Declin…Consensus and Uncertainty in Economic Prediction (1987)Consensus and Uncertainty in …Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis (1986)Does Saving Anticipate Declin…The Adjustment of Consumption to Changing Expectations About Future Income (1981)The Adjustment of Consumption…Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)Stochastic Implications of th…The pass-through of uncertainty shocks to households (2022)The pass-through of uncertain…Perceived uncertainty as a key driver of household saving (2019)Perceived uncertainty as a ke…Precautionary saving in Spain during the great recession: evidence from a panel of uncertainty indicators (2018)Precautionary saving in Spain…Survey Measurement of Probabilistic Macroeconomic Expectations: Progress and Promise (2017)Survey Measurement of Probabi…Specification testing for nonlinear multivariate cointegrating regressions (2017)Specification testing for non…Estimating the elasticity of intertemporal substitution taking into account the precautionary savings motive (2015)Estimating the elasticity of …Longevity Risk, Subjective Survival Expectations, and Individual Saving Behavior (2012)Longevity Risk, Subjective Su…Consumption and precautionary saving: An empirical analysis under both financial and environmental risks (2012)Consumption and precautionary…UNCERTAINTY AND CONSUMPTION: NEW EVIDENCE IN OECD COUNTRIES (2010)UNCERTAINTY AND CONSUMPTION: …Longevity Risk, Subjective Survival Expectations, and Individual Saving Behavior (2010)Longevity Risk, Subjective Su…Income Uncertainty and Aggregate Consumption (2010)Income Uncertainty and Aggreg…Consumption and uncertainty: a panel analysis in Italian Regions (2006)Consumption and uncertainty: …Comparing the Point Predictions and Subjective Probability Distributions of Professional Forecasters (2006)Comparing the Point Predictio…Intertemporal non-separability and “rule of thumb” consumption (2002)Intertemporal non-separabilit…Income Uncertainty and Consumer Spending during the Great Depression (2001)Income Uncertainty and Consum…"Rule-of-Thumb" Consumption, Intertemporal Substitution, and Risk Aversion (2000)"Rule-of-Thumb" Consumption, …Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root (1981)Trends and random walks in macroeconmic time series (1982)Testing for a Unit Root in Time Series Regression (1988)Emerging Market Business Cycles: The Cycle Is the Trend (2007)Consumption Inequality and Partial Insurance (2008)Consumption inequality and partial insurance (2017)A Theory of the Consumption Function (1958)THE LIFE CYCLE HYPOTHESIS OF SAVING: AGGREGATE IMPLICATIONS AND TESTS (1963)No news is good news (1992)Capital markets research in accounting (2001)Consumption, Aggregate Wealth, and Expected Stock Returns (2001)Optimum consumption and portfolio rules in a continuous-time model (1971)Consumption and Liquidity Constraints: An Empirical Investigation (1989)Income Variance Dynamics and Heterogeneity (2003)Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data (2013)Income, Saving and the Theory of Consumer Behavior. (1950)A Theory of the Consumption Function (1960)Credit Rationing in Markets with Imperfect Information (1981)The Endogenous Determination of Time Preference (1997)Strategic Asset Allocation (2002)Macroeconomic Expectations of Households and Professional Forecasters (2003)Saving and Uncertainty: The Precautionary Demand for Saving (1968)Uninsured Idiosyncratic Risk and Aggregate Saving (1994)Measuring Expectations (2004)How do house prices affect consumption? Evidence from micro data (2006)Time to Build and Aggregate Fluctuations (1982)Noise Trader Risk in Financial Markets (1990)Investor Psychology and Asset Pricing (2001)Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles (2008)Econometric Modelling of the Aggregate Time-Series Relationship Between Consumers' Expenditure and Income in the United Kingdom (1978)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)The response of consumption to income (1991)The Response of Household Consumption to Income Tax Refunds (1999)Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox (2008)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis (1989)The analysis of household surveys (1997)Transition Modeling and Econometric Convergence Tests (2007)Household Balance Sheets, Consumption, and the Economic Slump* (2013)
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References

  • 1978Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence3,581 cited
  • 1990Habit Formation: A Resolution of the Equity Premium Puzzle2,129 cited
  • 1988Intertemporal Substitution in Consumption1,567 cited
  • 1981The Adjustment of Consumption to Changing Expectations About Future Income1,326 cited
  • 1992The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence1,060 cited
  • 1991A Simple Test of Consumption Insurance967 cited
  • 1989Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence904 cited
  • 1989Why is Consumption So Smooth?586 cited
  • 1990Permanent Income, Current Income, and Consumption573 cited
  • 1990Consumption puzzles and precautionary savings549 cited
  • 1988Risky income, life cycle consumption, and precautionary savings521 cited
  • 1987Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis517 cited
  • 1986Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis514 cited
  • 1996On the Concavity of the Consumption Function474 cited
  • 1993How Prudent are Consumers?384 cited

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  • 1987Consensus and Uncertainty in Economic Prediction361 cited
  • Cited by

    • 2006Comparing the Point Predictions and Subjective Probability Distributions of Professional Forecasters93 cited
    • 2001Income Uncertainty and Consumer Spending during the Great Depression46 cited
    • 2002Intertemporal non-separability and “rule of thumb” consumption44 cited
    • 2010Longevity Risk, Subjective Survival Expectations, and Individual Saving Behavior41 cited
    • 2019Perceived uncertainty as a key driver of household saving38 cited
    • 2022The pass-through of uncertainty shocks to households35 cited
    • 2000"Rule-of-Thumb" Consumption, Intertemporal Substitution, and Risk Aversion27 cited
    • 2010UNCERTAINTY AND CONSUMPTION: NEW EVIDENCE IN OECD COUNTRIES23 cited
    • 2018Precautionary saving in Spain during the great recession: evidence from a panel of uncertainty indicators21 cited
    • 2006Consumption and uncertainty: a panel analysis in Italian Regions20 cited
    • 2017Survey Measurement of Probabilistic Macroeconomic Expectations: Progress and Promise20 cited
    • 2010Income Uncertainty and Aggregate Consumption18 cited
    • 2012Longevity Risk, Subjective Survival Expectations, and Individual Saving Behavior18 cited
    • 2012Consumption and precautionary saving: An empirical analysis under both financial and environmental risks17 cited
    • 2017Specification testing for nonlinear multivariate cointegrating regressions14 cited
    • 2015Estimating the elasticity of intertemporal substitution taking into account the precautionary savings motive13 cited