Are Consumers Ricardian? Evidence for the United States
- 1 October 1988
- journal article
- research article
- Published by University of Chicago Press in Journal of Political Economy
- Vol. 96 (5) , 983-1004
- https://doi.org/10.1086/261572
Abstract
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.Keywords
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