Consumption dynamics of Latinos and Asians in the US

Costanza Naguib

Economics Letters, 2022, vol. 215, issue C

Abstract: We document differences in the degree of partial insurance of consumption vs permanent income shocks between Caucasians, Latinos and Asians in the US. Caucasian and Asian individuals share a rather high degree of partial insurance, Asians being slightly more insured than the Caucasians. On the other hand, Latinos are the less insured group, with around 80% of a permanent income shock reverberating into their consumption.

Keywords: Consumption; Income; Partial insurance; Wealth (search for similar items in EconPapers)
JEL-codes: D12 E21 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:215:y:2022:i:c:s0165176522001550

DOI: 10.1016/j.econlet.2022.110550

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