NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Consumption Response to Income Changes

Tullio Jappelli, Luigi Pistaferri

NBER Working Paper No. 15739
Issued in February 2010

---- Acknowledgements -----

This paper has been written for the 2010 issue of the Annual Reviews in Economics. We thank Itay Saporta for research assistance and Misha Dworski for comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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