************ OVERVIEW ****************
This repository replicates the reduced form results of Forshaw 'Heterogenous Consumption Responses and Inequality over the Business Cycle'
************ REQUIRED SOFTWARE ************
R
************ FILES ************
MASTER.R- master file calls all code CleanData.R -
************ REPLICATION STEPS ************
Download required PSID data for years 2003 - 2013 (see below) from https://psidonline.isr.umich.edu/ and save into the Data folder
Open Code/MASTER.do in R. Change lines 6 to reflect the path to your repository Run MASTER.R
************ REQUIRED DATA LIST ************
fam2003.rda fam2005.rda fam2007.rda fam2009.rda fam2011.rda fam2013.rda ind.rda
************ OUTPUTS ************
All results ouputed to Results/ folder