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Cited by 398

The DOI matches its Crossref record; 32 of the 32 references it cites were found in a registry or an index.

Fiscal Policy and MPC Heterogeneity

Open access
Jappelli, Tullio, Pistaferri, Luigi·2014·American Economic Journal: Macroeconomics
DOI 10.1257/mac.6.4.107
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Abstract

We use responses to survey questions in the 2010 Italian Survey of Household Income and Wealth that ask consumers how much of an unexpected transitory income change they would consume. The marginal propensity to consume (MPC) is 48 percent on average. We also find substantial heterogeneity in the distribution, as households with low cash-on-hand exhibit a much higher MPC than affluent households, which is in agreement with models with precautionary savings, where income risk plays an important role. The results have important implications for predicting household responses to tax reforms and redistributive policies. (JEL D12, D14, E21, E62, H23, H24)

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Metadata

Authors
Jappelli, T., & Pistaferri, L.
Venue
American Economic Journal: Macroeconomics
Publisher
American Economic Association
Published
2014-10-01
Volume
6
Issue
4
Pages
107-136
ISSN
  • 1945-7707 (ISSN-L)
  • 1945-7715
DOI
10.1257/mac.6.4.107
OpenAlex
W2225433570
Cited by
398
References
32
FWCI
121.03
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Fiscal Policy and MPC Heterogeneity. https://app.cochat.ai/papers/10.1257/mac.6.4.107
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Jappelli, T., & Pistaferri, L. (2014). Fiscal Policy and MPC Heterogeneity. American Economic Journal: Macroeconomics. https://doi.org/10.1257/mac.6.4.107

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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