Are Consumers Ricardian? Evidence for the United States

Paul Evans

Journal of Political Economy, 1988, vol. 96, issue 5, 983-1004

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.

Date: 1988
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