Working Paper
Sustainable Consumption and the Comprehensive Economic Well-Being of American Households
Cooper, Daniel H.; Cynamon, Barry Z.; Fazzari, Steven (2023-07-01)
This paper develops a comprehensive measure of household economic well-being. The “sustainable consumption” concept accounts for income, assets, debt, transfer payments, and asset returns to estimate a consumption path that balances resources with expenditure over a household’s lifetime. Calculating sustainable consumption using Panel Study of Income Dynamics data demonstrates that it acts as an anchor for actual household spending. Results show that following a period of rapid growth from the mid-1980s to the early 2000s, sustainable consumption stagnated on average. In the aftermath ...
Working Papers , Paper 23-5

Journal Article
Tax reform and investment: how big an impact?
Fazzari, Steven (1987-01)
Review , Issue Jan , Pages 15-27

Working Paper
Economic fluctuations, market power, and returns to scale: evidence from firm-level data
Fazzari, Steven; Chirinko, Robert S. (1993)
Research Working Paper , Paper 93-06

Working Paper
Price flexibility and macroeconomic stability: an empirical simulation analysis
Caskey, John P.; Fazzari, Steven (1989)
Research Working Paper , Paper 89-02

Journal Article
Tax reform and investment: blessing or curse?
Fazzari, Steven (1987-06)
Review , Issue Jun , Pages 23-33

Working Paper
Investment smoothing with working capital: new evidence on the impact of financial constraints
Petersen, Bruce C.; Fazzari, Steven (1990)
Working Paper Series, Macroeconomic Issues , Paper 90-18