Browsing FAS Scholarly Articles by Keyword "nonseparable utility"

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    • Permanent Income, Current Income, and Consumption 

      Campbell, John Y.; Mankiw, N. Gregory (American Statistical Association, 1990)
      This article reexamines the consistency of the permanent-income hypothesis with aggregate postwar U.S. data. The permanent-income hypothesis is nested within a more general model in which a fraction of income accrues to ...