Prepared for session on “Session on Heterogeneity in the Response of Consumption to Income” American Economics Association Annual Meetings – San Francisco, CA – January 2009 corresponding author:


We are grateful to Richard Curtin for advice in the design of the survey instrument, to Jonathan Parker and Nicholas Souleles for valuable discussion, and to Jonathan Parker for providing a tabulation based on research in progress. Shapiro gratefully acknowledges the funding o

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