@article{Baker2018,
  title = {Debt and the Response to Household Income Shocks: Validation and Application of Linked Financial Account Data},
  author = {Baker, Scott R.},
  year = {2018},
  journal = {Journal of Political Economy},
  volume = {126},
  number = {4},
  pages = {1504--1557},
  doi = {10.1086/698106},
  url = {https://www.journals.uchicago.edu/doi/10.1086/698106},
  abstract = {The increasing availability of data derived from linked consumer financial accounts has the potential to dramatically expand the potential for research. Examining the most comprehensive existing set of linked-account data, consisting of transaction and balance sheet data for millions of Americans, I demonstrate the power and versatility of such sources. I discuss advantages and concerns arising from this type of data and match a range of distributional moments to external sources. As one application, I test consumption elasticities across households with varying levels, and types, of debt. I find that heterogeneity in consumption elasticity can be explained entirely by credit and liquidity.},
  keywords = {Methods of Estimation of Wealth Inequality}
}

{"_id":"i5iNxLRKioKn6BCs6","bibbaseid":"baker-debtandtheresponsetohouseholdincomeshocksvalidationandapplicationoflinkedfinancialaccountdata-2018","author_short":["Baker, S. R."],"bibdata":{"bibtype":"article","type":"article","title":"Debt and the Response to Household Income Shocks: Validation and Application of Linked Financial Account Data","author":[{"propositions":[],"lastnames":["Baker"],"firstnames":["Scott","R."],"suffixes":[]}],"year":"2018","journal":"Journal of Political Economy","volume":"126","number":"4","pages":"1504–1557","doi":"10.1086/698106","url":"https://www.journals.uchicago.edu/doi/10.1086/698106","abstract":"The increasing availability of data derived from linked consumer financial accounts has the potential to dramatically expand the potential for research. Examining the most comprehensive existing set of linked-account data, consisting of transaction and balance sheet data for millions of Americans, I demonstrate the power and versatility of such sources. I discuss advantages and concerns arising from this type of data and match a range of distributional moments to external sources. As one application, I test consumption elasticities across households with varying levels, and types, of debt. I find that heterogeneity in consumption elasticity can be explained entirely by credit and liquidity.","keywords":"Methods of Estimation of Wealth Inequality","bibtex":"@article{Baker2018,\n title = {Debt and the Response to Household Income Shocks: Validation and Application of Linked Financial Account Data},\n author = {Baker, Scott R.},\n year = {2018},\n journal = {Journal of Political Economy},\n volume = {126},\n number = {4},\n pages = {1504--1557},\n doi = {10.1086/698106},\n url = {https://www.journals.uchicago.edu/doi/10.1086/698106},\n abstract = {The increasing availability of data derived from linked consumer financial accounts has the potential to dramatically expand the potential for research. Examining the most comprehensive existing set of linked-account data, consisting of transaction and balance sheet data for millions of Americans, I demonstrate the power and versatility of such sources. I discuss advantages and concerns arising from this type of data and match a range of distributional moments to external sources. As one application, I test consumption elasticities across households with varying levels, and types, of debt. I find that heterogeneity in consumption elasticity can be explained entirely by credit and liquidity.},\n keywords = {Methods of Estimation of Wealth Inequality}\n}\n\n","author_short":["Baker, S. R."],"key":"Baker2018","id":"Baker2018","bibbaseid":"baker-debtandtheresponsetohouseholdincomeshocksvalidationandapplicationoflinkedfinancialaccountdata-2018","role":"author","urls":{"link":"https://www.journals.uchicago.edu/doi/10.1086/698106"},"keyword":["Methods of Estimation of Wealth Inequality"],"metadata":{"authorlinks":{}},"downloads":2},"bibtype":"article","biburl":"https://bibbase.org/f/nKAPSyp34A9azBzJd/GCWealthProject_WealthResearchLibrary.bib","dataSources":["Ehs2RwEzf4bZfKzK4","cJJHdqh9t5tR5wpLH","F3pGsndC3BMm5kzaE","t77TCZsnrGgyo6dsY","BCPeddFnrLq82SA2k","2w2tCMfz9tagnuYcn","grHFPbjkekLtP8Rd5","reZhxJTZLXbC6Xb4R","XqKxryftLF3GWq6cY","M7of5cge3GPiYqZve","PZFBspX8PwJz5LKpx","ve96mwrzCBBzfBff6","zu77p3c7mn9doiv7C","rGyABhQGe9pcQ9R2W","7X2xHQTrKka5yPvuD","gktz2DotJNwWxzBjM","s55XALJsj7pSgkAJ5","6TRStm8krC6i2nGYe","yda7rYQnmKoN94xAr","hHZFQp7q53h3BYKe8"],"keywords":["methods of estimation of wealth inequality"],"search_terms":["debt","response","household","income","shocks","validation","application","linked","financial","account","data","baker"],"title":"Debt and the Response to Household Income Shocks: Validation and Application of Linked Financial Account Data","year":2018,"downloads":2}