Consumption smoothing in less developed countries: a puzzle

"This paper presents evidence of household consumption responses to income fluctuations and shocks by exploiting new panel datasets from Nicaragua and Colombia. We find a low, but statistically significant response of consumption to income changes. This respond is asymmetrical to the sign of th...

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Detalles Bibliográficos
Autores Principales: Barrera, Felipe, Pérez-Calle, Francisco
Otros Autores: Higuera, Lucas
Publicado: 2015
Acceso en línea: