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Peer reviewedDynan, Karen E.; Skinner, Jonathan; Zeldes, Stephen P. – Journal of Political Economy, 2004
The question of whether higher-lifetime income households save a larger fraction of their income was the subject of much debate in the 1950s and 1960s, and while not resolved, it remains central to the evaluation of tax and macroeconomic policies. We resolve this longstanding question using new empirical methods applied to the Panel Study of…
Descriptors: Family (Sociological Unit), Consumer Economics, Family Income
