Replication codes for: "Heterogeneity of Consumption Responses to Income Shocks in the Presence of Nonlinear Persistence", by Arellano, Blundell, Bonhomme, Light
If you have any questions please e-mail: [email protected]
There are three sets of replication codes:
-
Stata:
- STATA codes to replicate the PSID sample:
- 1_Master.do: runs everything
- 2_Houehold_Panel.do: constructs the household panel
- 3_Individual_Panel.do: constructs the household heads
- 3b_Individual_Panel_Parent_Link.do: gets parental linkages
- 4_Sample_Selection.do: does the main sample selection
- 5_Aggregate_Measures.do: creates aggregates
- 5b_Aggregate_Measures_Parent.do: creates aggregates for parents
- 6_Get_Residuals_JOE_vF.do: generates the main samples
- STATA codes to replicate the PSID sample:
-
Inc:
- Codes for labor and disposable income, codes to replicate the main figures
- To generate the main income results you should use SMC_l_vF.m (labor income) or SMC_n_vF.m (disposable income)
- The code will call the various other scripts
- Codes for labor and disposable income, codes to replicate the main figures
-
Cons:
- Quantile Model: codes to estimate baseline model, model with asset rule, model with no heterogeneity, model with heterogeneity and no latent income components
- PMCMC_simple_cons_vF.m: this estimates the baseline model
- PMCMC_assets_cons_vF.m: this estimates the baseline model with assets
- PMCMC_y_cons_vF.m: this estimates the model with heterogeneity and no filtering
- SMC_simple_cons_vF.m: this estimates the model with filtering and no heterogeneity
- The codes will call the various other scripts
- Plot Results: codes to replicate the main figures
- Figures_baseline_vF.m: replicates the figures for the baseline model
- Figures_assets_vF.m: replicates the figures for the model with assets
- Figures_irf_baseline_vF.m: replicates the figures for the baseline model IRFs
- Figures_smc_vF.m: replicates the figures for the model without heterogeneity
- Figures_y_vF.m: replicates the figures for the model with heterogeneity and no filtering
- Quantile Model: codes to estimate baseline model, model with asset rule, model with no heterogeneity, model with heterogeneity and no latent income components