Are Consumers Ricardian? Evidence for the United States
构建了一个包含李嘉图等价和非李嘉图理论的消费者行为模型,并利用美国数据检验,结果无法拒绝李嘉图等价假说。
This paper derives three empirical implications of a well-specified model of consumer behavior, a model that nests both Ricardian equivalence and an alternative, non-Ricardian theory. Ricardian equivalence is then tested against this alternative. The tests reveal that Ricardian equivalence cannot be rejected. Copyright 1988 by University of Chicago Press.