The Effect of Self-Reported Transitory Income Shocks on Household Spending

John Sabelhaus and Samuel Ackerman

Figure 1. Inflation-Adjusted Aggregate Consumer Spending on Food

	Purchased Meals And Beverages	Food Purchased for Off-Premises Consumption	All Food
1995	100.00	100.00	100
1996	99.95	101.04	100.591578115927
1997	102.03	101.36	101.638868379612
1998	106.08	102.22	103.811945447424
1999	109.19	105.54	107.044348512979
2000	113.21	106.29	109.14478173963
2001	114.44	107.66	110.454948714068
2002	117.42	107.75	111.733523743026
2003	121.38	109.03	114.117744034955
2004	126.39	110.86	117.263768114677
2005	129.73	113.02	119.909383611858
2006	133.30	114.14	122.036338706601
2007	136.06	117.22	124.988717991542
2008	134.74	118.85	125.402437201952
2009	134.44	118.92	125.316987033954
2010	137.76	119.54	127.053509295452

Return to Figure 1

Figure 2. Fitted Engel Curves for Food Expenditures by Normal Income

	Food Away from Home	Food at Home	Total Food Spending
1000	784.4307	3325.502	4109.933
2000	784.4307	3325.502	4109.933
3000	784.4307	3325.502	4109.933
4000	784.4307	3325.502	4109.933
5000	784.4307	3325.502	4109.933
6000	784.4307	3325.502	4109.933
7000	784.4307	3325.502	4109.933
8000	784.4307	3325.502	4109.933
9000	784.4307	3325.502	4109.933
10000	784.4307	3325.502	4109.933
11000	785.8529	3342.541	4128.394
12000	790.3775	3396.75	4187.128
13000	794.902	3450.96	4245.862
14000	799.4266	3505.169	4304.596
15000	803.9512	3559.379	4363.33
16000	845.9725	3693.139	4539.111
17000	898.5804	3849.359	4747.939
18000	951.1882	4005.578	4956.767
19000	1003.796	4161.798	5165.594
20000	1055.811	4293.144	5348.955
21000	1103.909	4260.381	5364.291
22000	1152.007	4227.619	5379.626
23000	1200.106	4194.856	5394.962
24000	1248.204	4162.093	5410.298
25000	1280.44	4270.505	5550.945
26000	1311.613	4388.374	5699.986
27000	1342.785	4506.241	5849.027
28000	1373.958	4624.109	5998.067
29000	1410.621	4620.937	6031.558
30000	1450.397	4549.127	5999.524
31000	1490.172	4477.318	5967.491
32000	1529.948	4405.509	5935.457
33000	1561.442	4503.25	6064.692
34000	1589	4681.547	6270.547
35000	1616.559	4859.843	6476.402
36000	1644.118	5038.139	6682.257
37000	1638.627	4981.075	6619.702
38000	1631.644	4913.385	6545.029
39000	1624.661	4845.696	6470.357
40000	1617.678	4778.007	6395.685
41000	1611.309	4723.321	6334.63
42000	1612.641	4831.746	6444.387
43000	1613.973	4940.171	6554.144
44000	1615.305	5048.596	6663.9
45000	1616.637	5157.021	6773.657
46000	1617.969	5265.445	6883.414
47000	1662.758	5245.088	6907.846
48000	1719.273	5189.983	6909.256
49000	1775.788	5134.878	6910.666
50000	1832.303	5079.773	6912.076
51000	1888.818	5024.668	6913.486
52000	1920.008	5031.523	6951.532
53000	1928.936	5092.847	7021.783
54000	1937.864	5154.17	7092.034
55000	1946.792	5215.494	7162.286
56000	1955.72	5276.817	7232.537
57000	1964.647	5338.141	7302.788
58000	1987.377	5390.055	7377.432
59000	2038.619	5422.529	7461.148
60000	2089.861	5455.003	7544.865
61000	2141.104	5487.478	7628.581
62000	2192.346	5519.952	7712.298
63000	2243.588	5552.426	7796.014
64000	2294.831	5584.9	7879.731
65000	2326.258	5615.328	7941.585
66000	2321.814	5642.049	7963.863
67000	2317.37	5668.771	7986.14
68000	2312.926	5695.492	8008.417
69000	2308.482	5722.213	8030.695
70000	2304.038	5748.935	8052.973
71000	2299.594	5775.656	8075.25
72000	2325.621	5820.5	8146.122
73000	2355.36	5867.552	8222.912
74000	2385.099	5914.603	8299.702
75000	2414.839	5961.654	8376.493
76000	2444.578	6008.706	8453.283
77000	2474.317	6055.757	8530.073
78000	2504.056	6102.808	8606.864
79000	2533.795	6149.859	8683.654
80000	2563.534	6196.911	8760.444
81000	2575.397	6237.804	8813.201
82000	2577.266	6275.255	8852.521
83000	2579.135	6312.706	8891.841
84000	2581.004	6350.157	8931.161
85000	2582.874	6387.607	8970.48
86000	2584.742	6425.058	9009.801
87000	2586.612	6462.509	9049.12
88000	2588.481	6499.96	9088.44
89000	2590.35	6537.411	9127.76
90000	2592.219	6574.861	9167.08
91000	2594.635	6606.924	9201.56
92000	2599.251	6617.355	9216.605
93000	2603.866	6627.786	9231.652
94000	2608.482	6638.217	9246.699
95000	2613.098	6648.648	9261.745
96000	2617.713	6659.079	9276.792
97000	2622.329	6669.51	9291.839
98000	2626.944	6679.941	9306.885
99000	2631.56	6690.372	9321.932
100000	2636.175	6700.803	9336.978
101000	2640.791	6711.234	9352.024
102000	2645.406	6721.665	9367.071
103000	2659.655	6728.208	9387.863
104000	2696.451	6725.652	9422.104
105000	2733.248	6723.096	9456.343
106000	2770.044	6720.539	9490.583
107000	2806.84	6717.983	9524.823
108000	2843.637	6715.427	9559.063
109000	2880.433	6712.871	9593.304
110000	2917.229	6710.314	9627.544
111000	2954.026	6707.758	9661.783
112000	2990.822	6705.202	9696.023
113000	3027.618	6702.646	9730.264
114000	3064.415	6700.089	9764.504
115000	3101.211	6697.533	9798.744
116000	3138.008	6694.977	9832.984
117000	3174.804	6692.42	9867.224
118000	3211.6	6689.864	9901.464
119000	3248.396	6687.308	9935.704
120000	3285.193	6684.751	9969.944
121000	3321.989	6682.195	10004.18
122000	3321.785	6711.842	10033.63
123000	3316.113	6746.249	10062.36
124000	3310.44	6780.656	10091.1
125000	3304.768	6815.063	10119.83
126000	3299.095	6849.469	10148.56
127000	3293.423	6883.876	10177.3
128000	3287.75	6918.283	10206.03
129000	3282.077	6952.689	10234.77
130000	3276.405	6987.096	10263.5
131000	3270.732	7021.503	10292.24
132000	3265.06	7055.91	10320.97
133000	3259.387	7090.316	10349.7
134000	3253.715	7124.723	10378.44
135000	3248.042	7159.13	10407.17
136000	3242.369	7193.537	10435.91
137000	3236.697	7227.943	10464.64
138000	3231.024	7262.35	10493.37
139000	3225.352	7296.757	10522.11
140000	3219.679	7331.164	10550.84
141000	3214.006	7365.57	10579.58
142000	3208.334	7399.977	10608.31
143000	3202.661	7434.384	10637.04
144000	3196.989	7468.791	10665.78
145000	3191.316	7503.197	10694.51
146000	3185.644	7537.604	10723.25
147000	3179.971	7572.011	10751.98
148000	3174.298	7606.418	10780.72
149000	3168.626	7640.825	10809.45
150000	3162.953	7675.231	10838.18
151000	3157.281	7709.638	10866.92
152000	3188.196	7735.397	10923.59
153000	3232.184	7758.067	10990.25
154000	3276.173	7780.737	11056.91
155000	3320.161	7803.407	11123.57
156000	3364.149	7826.077	11190.23
157000	3408.138	7848.747	11256.88
158000	3452.126	7871.416	11323.54
159000	3496.114	7894.086	11390.2
160000	3540.103	7916.756	11456.86
161000	3584.091	7939.425	11523.52
162000	3628.079	7962.095	11590.17
163000	3672.068	7984.765	11656.83
164000	3716.056	8007.435	11723.49
165000	3760.045	8030.104	11790.15
166000	3804.033	8052.774	11856.81
167000	3848.021	8075.444	11923.46
168000	3892.01	8098.114	11990.12
169000	3935.998	8120.784	12056.78
170000	3979.986	8143.453	12123.44
171000	4023.975	8166.123	12190.1
172000	4067.963	8188.793	12256.76
173000	4111.952	8211.463	12323.41
174000	4155.94	8234.132	12390.07
175000	4199.928	8256.802	12456.73
176000	4243.917	8279.472	12523.39
177000	4287.905	8302.142	12590.05
178000	4331.894	8324.812	12656.71
179000	4375.882	8347.481	12723.36
180000	4419.87	8370.15	12790.02
181000	4463.858	8392.82	12856.68
182000	4507.847	8415.49	12923.34
183000	4551.835	8438.16	12990
184000	4595.824	8460.83	13056.65
185000	4639.812	8483.5	13123.31
186000	4683.8	8506.17	13189.97
187000	4727.789	8528.839	13256.63
188000	4771.777	8551.509	13323.29
189000	4815.766	8574.179	13389.94
190000	4859.754	8596.849	13456.6
191000	4903.742	8619.519	13523.26
192000	4947.73	8642.188	13589.92
193000	4991.719	8664.857	13656.58
194000	5035.708	8687.527	13723.24
195000	5079.696	8710.197	13789.89
196000	5123.684	8732.867	13856.55
197000	5167.672	8755.537	13923.21
198000	5211.661	8778.207	13989.87
199000	5255.649	8800.876	14056.53
200000	5299.638	8823.546	14123.18
201000	5343.626	8846.216	14189.84
202000	5387.614	8868.886	14256.5
203000	5431.603	8891.556	14323.16
204000	5475.591	8914.226	14389.82
205000	5519.58	8936.895	14456.47
206000	5563.568	8959.564	14523.13
207000	5607.556	8982.234	14589.79
208000	5651.544	9004.904	14656.45
209000	5695.533	9027.574	14723.11
210000	5739.521	9050.244	14789.76
211000	5783.51	9072.913	14856.42
212000	5827.498	9095.583	14923.08
213000	5871.486	9118.253	14989.74
214000	5915.475	9140.923	15056.4
215000	5959.463	9163.593	15123.06
216000	5981.178	9174.808	15155.99
217000	5982.287	9175.428	15157.71
218000	5983.396	9176.047	15159.44
219000	5984.505	9176.666	15161.17
220000	5985.614	9177.285	15162.9
221000	5986.723	9177.904	15164.63
222000	5987.832	9178.523	15166.36
223000	5988.941	9179.143	15168.08
224000	5990.05	9179.762	15169.81
225000	5991.159	9180.381	15171.54
226000	5992.268	9181	15173.27
227000	5993.377	9181.619	15175
228000	5994.486	9182.238	15176.72
229000	5995.595	9182.857	15178.45
230000	5996.704	9183.477	15180.18
231000	5997.813	9184.096	15181.91
232000	5998.922	9184.715	15183.64
233000	6000.031	9185.334	15185.37
234000	6001.14	9185.953	15187.09
235000	6002.249	9186.572	15188.82
236000	6003.358	9187.191	15190.55
237000	6004.467	9187.812	15192.28
238000	6005.576	9188.431	15194.01
239000	6006.685	9189.05	15195.73
240000	6007.794	9189.669	15197.46
241000	6008.903	9190.288	15199.19
242000	6010.012	9190.907	15200.92
243000	6011.121	9191.526	15202.65
244000	6012.23	9192.146	15204.38
245000	6013.339	9192.765	15206.1
246000	6014.448	9193.384	15207.83
247000	6015.557	9194.003	15209.56
248000	6016.667	9194.622	15211.29
249000	6017.775	9195.241	15213.02
250000	6018.884	9195.86	15214.75

Return to Figure 2

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