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The Marginal Propensity to Consume During the COVID-19 Pandemic: Evidence from Thailand and Vietnam
In evaluating surveys conducted in Thailand and Vietnam during the COVID-19 pandemic, we find that the marginal propensity to consume is significantly larger for positive than for negative income shocks. This result contradicts a prediction from the lifecycle permanent income model with borrowing co...
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| Published in: | MAGKS - Joint Discussion Paper Series in Economics (Band 07-2022) |
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| Main Authors: | , , , |
| Format: | Article |
| Language: | English |
| Published: |
Philipps-Universität Marburg
2022
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| Subjects: | |
| Online Access: | PDF Full Text |
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