Is Ricardian Equivalence a Good Approximation?

Paul Evans

Economic Inquiry, 1991, vol. 29, issue 4, 626-44

Abstract: Ricardian equivalence may be a good approximation even if all households have finite horizons, many households have short horizons, and an appreciable fraction of wage income is received by liquidity-constrained households. The approximation is likely to be better the more imperfect annuity markets are. Copyright 1991 by Oxford University Press.

Date: 1991
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