Dimitris Christelis|Dimitris Georgarakos|Tullio Jappelli|Luigi Pistaferri|Maarten van Rooij
Asymmetric Consumption Effects of Transitory Income Shocks*
Network for Studies on Pensions, Aging and Retirement|University of Naples Federico II|European Central Bank|Center for Economic and Policy Research|University of Naples Federico II|Center for Economic and Policy Research|Stanford University|De Nederlandsche Bank
abstract use responses representative sample dutch households survey questions ask much consumption would change response unexpected transitory income shocks positive negative questionnaire also distinguishes relatively small income changes onemonth increase drop income relatively larger ones equal threemonths income results broadly line models intertemporal choice precautionary saving borrowing constraints finite horizons