IDEAS home Printed from https://ideas.repec.org/p/ifs/ifsewp/25-25.html
   My bibliography  Save this paper

Eliciting the marginal propensity to consume in surveys

Author

Listed:
  • Thomas F. Crossley

    (Institute for Fiscal Studies)

  • Paul Fisher

    (Institute for Fiscal Studies)

  • Peter Levell

    (Institute for Fiscal Studies)

  • Hamish Low

    (Institute for Fiscal Studies)

Abstract

No abstract is available for this item.

Suggested Citation

  • Thomas F. Crossley & Paul Fisher & Peter Levell & Hamish Low, 2025. "Eliciting the marginal propensity to consume in surveys," IFS Working Papers W25/25, Institute for Fiscal Studies.
    • Handle: RePEc:ifs:ifsewp:25/25
    as

    Download full text from publisher

    File URL: https://ifs.org.uk/sites/default/files/2025-07/WP202525-Eliciting-the-marginal-propensity-to-consume-in-surveys.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Johannes Boehm & Etienne Fize & Xavier Jaravel, 2025. "Five Facts about MPCs: Evidence from a Randomized Experiment," American Economic Review, American Economic Association, vol. 115(1), pages 1-42, January.
    2. Bunn, Philip & Le Roux, Jeanne & Reinold, Kate & Surico, Paolo, 2018. "The consumption response to positive and negative income shocks," Journal of Monetary Economics, Elsevier, vol. 96(C), pages 1-15.
    3. Kirill Borusyak & Xavier Jaravel & Jann Spiess, 2024. "Revisiting Event-Study Designs: Robust and Efficient Estimation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 91(6), pages 3253-3285.
    4. Jeanne Commault, 2022. "Does Consumption Respond to Transitory Shocks? Reconciling Natural Experiments and Semistructural Methods," American Economic Journal: Macroeconomics, American Economic Association, vol. 14(2), pages 96-122, April.
    5. Richard Blundell & Luigi Pistaferri & Ian Preston, 2008. "Consumption Inequality and Partial Insurance," American Economic Review, American Economic Association, vol. 98(5), pages 1887-1921, December.
    6. Tal Gross & Matthew J. Notowidigdo & Jialan Wang, 2020. "The Marginal Propensity to Consume over the Business Cycle," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(2), pages 351-384, April.
    7. Jacob D Orchard & Valerie A Ramey & Johannes F Wieland, 2025. "Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 140(3), pages 2001-2052.
    8. Thomas Crossley & Paul Fisher & Peter Levell & Hamish Low, 2021. "MPCs in an economic crisis: spending, saving and private transfers," IFS Working Papers W21/26, Institute for Fiscal Studies.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giovanni L. Violante & Greg Kaplan, 2022. "The Marginal Propensity to Consume in Heterogeneous Agent Models," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 747-775, August.
    2. Yunho Cho & James Morley & Aarti Singh, 2024. "Did marginal propensities to consume change with the housing boom and bust?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(1), pages 174-199, January.
    3. Bilbiie, F. O. & Galaasen, S. M. & Gurkaynak, R. S. & Maehlum, M. & Molnar, K, 2025. "Hanksson," Cambridge Working Papers in Economics 2516, Faculty of Economics, University of Cambridge.
    4. Crossley, Thomas F. & Fisher, Paul & Levell, Peter & Low, Hamish, 2023. "Stimulus payments and private transfers," Economics Letters, Elsevier, vol. 222(C).
    5. Eiji Fujii, 2024. "Currency concentration in sovereign debt, exchange rate cyclicality, and volatility in consumption," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 160(1), pages 169-192, February.
    6. Anna Sokolova, 2023. "Marginal Propensity to Consume and Unemployment: a Meta-analysis," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 813-846, December.
    7. Christopher Busch & Alexander Ludwig, 2024. "Higher‐Order Income Risk Over The Business Cycle," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(3), pages 1105-1131, August.
    8. Albuquerque, Bruno & Green, Georgina, 2023. "Financial concerns and the marginal propensity to consume in COVID times: Evidence from UK survey data," Journal of Macroeconomics, Elsevier, vol. 78(C).
    9. Crawley, Edmund & Theloudis, Alexandros, 2024. "Income Shocks and their Transmission into Consumption," Discussion Paper 2024-012, Tilburg University, Center for Economic Research.
    10. Huang, Wei & Luo, Mi & Ta, Yuqi & Wang, Boxian, 2024. "Land expropriation, household behaviors, and health outcomes: Evidence from China," Journal of Development Economics, Elsevier, vol. 171(C).
    11. David Cashin & Jamie Lenney & Byron Lutz & William Peterman, 2018. "Fiscal policy and aggregate demand in the USA before, during, and following the Great Recession," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(6), pages 1519-1558, December.
    12. Anisha Ghosh & Alexandros Theloudis, 2023. "Consumption Partial Insurance in the Presence of Tail Income Risk," Papers 2306.13208, arXiv.org, revised Jul 2025.
    13. Dirk Krueger & Egor Malkov & Fabrizio Perri, 2023. "How Do Households Respond to Income Shocks?," Staff Report 655, Federal Reserve Bank of Minneapolis.
    14. Andreas Fuster & Greg Kaplan & Basit Zafar, 2021. "What Would You Do with $500? Spending Responses to Gains, Losses, News, and Loans [The Spending and Debt Response to Minimum Wage Hikes]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(4), pages 1760-1795.
    15. Krueger, Dirk & Malkov, Egor & Perri, Fabrizio, 2024. "Reprint of: How do households respond to income shocks?," Journal of Economic Dynamics and Control, Elsevier, vol. 169(C).
    16. Fisher, Jonathan D. & Johnson, David S. & Smeeding, Timothy M. & Thompson, Jeffrey P., 2020. "Estimating the marginal propensity to consume using the distributions of income, consumption, and wealth," Journal of Macroeconomics, Elsevier, vol. 65(C).
    17. Huang, Wei & Lei, Xiaoyan & Ta, Yuqi, 2024. "How does undervaluation in medical savings accounts (MSAs) affect healthcare utilization? Evidence from administrative data in China," Journal of Health Economics, Elsevier, vol. 98(C).
    18. Apostolos Fasianos & Reamonn Lydon, 2022. "Do households with debt cut back their consumption more? New evidence from the United Kingdom," Bulletin of Economic Research, Wiley Blackwell, vol. 74(3), pages 737-760, July.
    19. Max. A. Mosley & Edmund Cornforth, 2023. "The Macroeconomic Effect of the UK’s 2022 Cost-of-Living Payments," Discussion Papers 2316, Centre for Macroeconomics (CFM).
    20. Fagereng, Andreas & Onshuus, Helene & Torstensen, Kjersti N., 2024. "The consumption expenditure response to unemployment: Evidence from Norwegian households," Journal of Monetary Economics, Elsevier, vol. 146(C).

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ifs:ifsewp:25/25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emma Hyman (email available below). General contact details of provider: https://edirc.repec.org/data/ifsssuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.