Advanced search
Publication Cover
Applied Economics Letters Volume 18, 2011 - Issue 18
Submit an article Journal homepage
215
Views
3
CrossRef citations to date
0
Altmetric
Original Articles

Testing the permanent income hypothesis using unit root quantile autoregression tests

Fabio Augusto Reis Gomes FUCAPE Business School, Avenue Fernando Ferrari, 1358, Boa Vista, Vitoria, 29075-505, BrazilCorrespondence[email protected]
Pages 1755-1758 | Published online: 11 Apr 2011

References

  • Alessie , R. and Lusardi , A. 1997 . Consumption, saving and habit formation . Economics Letters , 55 : 103 – 8 .
  • Cagetti , M. and De Nardi , M. 2008 . Wealth inequality: data and models . Macroeconomic Dynamics , 12 : 285 – 313 .
  • Carroll , C. D. 1997 . Buffer-stock saving and the life cycle/permanent income hypothesis . Quarterly Journal of Economics , 112 : 1 – 56 .
  • Carroll , C. D. 2001 . A theory of the consumption function, with and without liquidity constraints . Journal of Economic Perspectives , 15 : 23 – 45 .
  • Deaton , A. 1992 . Understanding Consumption , New York : Oxford University Press .
  • Elliott , G. and Jansson , M. 2003 . Testing for unit root with stationary covariates . Journal of Econometrics , 115 : 75 – 89 .
  • Flavin , M. 1981 . The adjustment of consumption to changing expectations about future income . Journal of Political Economy , 89 : 974 – 1009 .
  • Galvao , A. F Jr . 2009 . Unit root quantile autoregression testing using covariates . Journal of Econometrics , 152 : 165 – 78 .
  • Gourinchas , P. and Parker , J. 2001 . The empirical importance of precautionary saving . American Economic Review, Papers and Proceedings , 91 : 406 – 12 .
  • Hall , R. E. 1978 . Stochastic implications of the life cycle-permanent income hypothesis: theory and evidence . Journal of Political Economy , 86 : 971 – 87 .
  • Hansen , B. 1995 . Rethinking the univariate approach to unit root tests: how to use covariates to increase power . Econometric Theory , 11 : 1148 – 71 .
  • Koenker , R. and Xiao , Z. 2004 . Unit root quantile autoregression inference . Journal of the American Statistical Association , 99 : 775 – 87 .
  • Laibson , D. 1997 . Golden eggs and hyperbolic discounting . Quarterly Journal of Economics , 112 : 443 – 77 .
  • Machado , J. 1993 . Robust model selection and M-estimation . Econometric Theory , 9 : 478 – 93 .
  • Thompson , S. 2004 . Robust tests of the unit root hypothesis should not be modified . Econometric Theory , 20 : 360 – 81 .
  • Zeldes , S. P. 1989 . Optimal consumption with stochastic income: deviations from certainty equivalence . Quarterly Journal of Economics , 104 : 275 – 98 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.