Forthcoming article "Wealth Heterogeneity and the Marginal Propensity to Consume Out of Wealth" by @bgarbinti.bsky.social @plamarche.bsky.social and Frédérique Savignac @eeanews.bsky.social doi.org/10.1093/jeea...
Wealth Heterogeneity and the Marginal Propensity to Consume Out of WealthAbstract. We provide detailed estimates of how the marginal propensity to consume out of wealth (MPC) varies along the distribution of household wealth anddoi.org