Heterogeneity in the Marginal Propensity to Consume among U.S. Households

Aditya Aladangady, Jesse Bricker, Andrew C. Chang, Sarena Goodman and Gina Li
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Jesse Bricker: https://www.federalreserve.gov/econres/jesse-bricker.htm
Andrew C. Chang: https://www.federalreserve.gov/econres/andrew-c-chang.htm
Sarena Goodman: https://www.federalreserve.gov/econres/sarena-f-goodman.htm
Gina Li: https://www.federalreserve.gov/econres/gina-li.htm

No 2026-10-09-4, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Precise estimates of marginal propensities to consume (MPCs) are central to understanding economic activity and the effects of economic shocks on households. However, the literature does not yield a consensus on either an aggregate MPC or the extent to which MPCs vary across the population.

Date: 2026-10-09
Note: Authors acknowledge assistance from Payton Crawford.
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:103908

DOI: 10.17016/2380-7172.4197

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