Marginal Propensity to Consume and Personal Characteristics: Evidence from Bank Transaction Data and Survey
Year: 2026
Type: article
Study design: Observational Study
Abstract: The marginal propensity to consume (MPC) is heterogeneous and depends on liquidity, while liquidity is affected by both temporary circumstances and persistent characteristics. Using bank account transaction data and a survey of its account holders, this study aims to distinguish the sources of MPC heterogeneity. The results indicate that individuals with higher levels of risk aversion and time discount rates tend to exhibit a higher MPC, whereas lower wealth is also linked to a higher MPC. These findings suggest that MPC heterogeneity is influenced by both temporary and persistent factors.
DOI: 10.1111/jmcb.70041
Author: KOZO UEDA
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $3,800
OpenAlex ID: W7127049843