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The Reality of Consumption: Comparing Self-Reported and Observed Marginal Propensity to Consume

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  • Kozo UEDA

Abstract

Surveys are widely used in economic analyses. This study compares the self- reported and actual marginal propensity to consume by integrating survey with bank transaction data. The estimation results reveal no significant relationship between the two measures, casting a doubt on the use of self-reported consumption measures.

Suggested Citation

  • Kozo UEDA, 2024. "The Reality of Consumption: Comparing Self-Reported and Observed Marginal Propensity to Consume," CIGS Working Paper Series 24-020E, The Canon Institute for Global Studies.
    • Handle: RePEc:cnn:wpaper:24-020e
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    References listed on IDEAS

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    1. Tullio Jappelli & Luigi Pistaferri, 2020. "Reported MPC and Unobserved Heterogeneity," American Economic Journal: Economic Policy, American Economic Association, vol. 12(4), pages 275-297, November.
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    7. Kozo UEDA, 2023. "Marginal Propensity to Consume and Personal Characteristics: Evidence from Bank Transaction Data and Survey," CIGS Working Paper Series 23-007E, The Canon Institute for Global Studies.
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    More about this item

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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