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:

Abstract

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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