The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Debt and the Response to Household Income Shocks: Validation and Application of Linked Financial Account Data
Abstract
The increasing availability of data derived from linked consumer financial accounts has the potential to dramatically expand the potential for research. Examining the most comprehensive existing set of linked-account data, consisting of transaction and balance sheet data for millions of Americans, I demonstrate the power and versatility of such sources. I discuss advantages and concerns arising from this type of data and match a range of distributional moments to external sources. As one application, I test consumption elasticities across households with varying levels, and types, of debt. I find that heterogeneity in consumption elasticity can be explained entirely by credit and liquidity.
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Cites
How Does Your Kindergarten Classroom Affect Your Earnings? Evidence from Project Star
Chetty, R., Friedman, J. N., Hilger, N., Saez, E., Schanzenbach, D. W., & Yagan, D. (2011) · The Quarterly Journal of Economics · doi:10.1093/qje/qjr041 · Cited by 1,514
Income Changes and Consumption: Evidence from the 2013 Federal Government Shutdown
Baker, S. R., & Yannelis, C. (2017) · Review of Economic Dynamics · doi:10.1016/j.red.2016.09.005 · Cited by 130
Self-citation
Cited by
Monetary Policy and the Redistribution Channel
Auclert, A. (2019) · American Economic Review · doi:10.1257/aer.20160137 · Cited by 773
Revisiting event study designs: robust and efficient estimation
(2022) · arXiv (preprint) · doi:10.47004/wp.cem.2022.1122 · Cited by 607
How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic
Baker, S., Farrokhnia, R. A., Meyer, S., Pagel, M., & Yannelis, C. (2020) · National Bureau of Economic Research · doi:10.3386/w26949 · Cited by 365
Self-citationMonetary Policy when Households have Debt: New Evidence on the Transmission Mechanism
Cloyne, J., Ferreira, C., & Surico, P. (2020) · The Review of Economic Studies · doi:10.1093/restud/rdy074 · Cited by 336
Stock Market Returns and Consumption
DI MAGGIO, M., KERMANI, A., & MAJLESI, K. (2020) · The Journal of Finance · doi:10.1111/jofi.12968 · Cited by 199
Metadata
- Authors
- Baker, S. R.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 2018-08
- Volume
- 126
- Issue
- 4
- Pages
- 1504-1557
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2794894051
- Cited by
- 275
- References
- 2
- FWCI
- 94.17
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
