000			00926nam a2200217Ia 4500
008			250227s9999||||xx |||||||||||||| ||und||
022			_a1945-7707
100			_aJappelli, Tullio _9125856
245		0	_aPermanent Income Shocks, Target Wealth, and the Wealth Gap
260			_bAmerican Economic Journal: Macroeconomics
260			_c2025
300			_a102-125
520			_aWe test the key implication of the buffer-stock model, namely that any revision in permanent income leads to a proportionate revision in target wealth. We use panel data on the amount of wealth that people think they must hold for precautionary purposes.
650			_a Consumption _9654
650			_a Household Finance
650			_a Household Saving _959173
650			_a Life Cycle Models _9125857
650			_aMacroeconomics
700			_a Pistaferri, Luigi _9125858
856			_uhttps://www.aeaweb.org/articles?id=10.1257/mac.20220160
999			_c135072 _d135072