Replication data for: The Intergenerational Correlation of Consumption Expenditures
Principal Investigator(s): View help for Principal Investigator(s) Kerwin Kofi Charles; Sheldon Danziger; Geng Li; Robert Schoeni
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| P2014_1191_data | 10/11/2019 10:09:PM | ||
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text/plain | 14.6 KB | 10/11/2019 06:09:PM |
Project Citation:
Charles, Kerwin Kofi, Danziger, Sheldon, Li, Geng, and Schoeni, Robert. Replication data for: The Intergenerational Correlation of Consumption Expenditures. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112769V1
Project Description
Summary:
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Using data recently collected by the Panel Study of Income Dynamics, we find that the intergenerational correlation in expenditures is no larger than that in income, suggesting limited intra-family risk-sharing. On the other hand, even after controlling for the intergenerational correlation in income, the expenditures correlation remains significant. This suggests that other factors such as preferences, access to credit, and non-pecuniary inter vivos transfers potentially played a role in consumption smoothing across generations within a family. We also find that the correlation coefficients estimated using food and imputed total expenditures are smaller than that estimated using the measured total expenditures.
Scope of Project
JEL Classification:
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D12 Consumer Economics: Empirical Analysis
E21 Macroeconomics: Consumption; Saving; Wealth
D12 Consumer Economics: Empirical Analysis
E21 Macroeconomics: Consumption; Saving; Wealth
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