Consumption dynamics of Latinos and Asians in the US
研究了美国白人、拉丁裔和亚裔在应对永久性收入冲击时消费保险程度的差异，发现拉丁裔的消费受冲击影响最大，约80%的冲击会传导至消费。
We document differences in the degree of partial insurance of consumption vs permanent income shocks between Caucasians, Latinos and Asians in the US. Caucasian and Asian individuals share a rather high degree of partial insurance, Asians being slightly more insured than the Caucasians. On the other hand, Latinos are the less insured group, with around 80% of a permanent income shock reverberating into their consumption.