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Are Consumers Ricardian? Evidence for the United States

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  • Evans, Paul

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. Copyright 1988 by University of Chicago Press.

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  • Evans, Paul, 1988. "Are Consumers Ricardian? Evidence for the United States," Journal of Political Economy, University of Chicago Press, vol. 96(5), pages 983-1004, October.
    • Handle: RePEc:ucp:jpolec:v:96:y:1988:i:5:p:983-1004
    DOI: 10.1086/261572
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