Results 11 to 20 of about 75,594 (47)
How Does Consumption Respond to News About Inflation? Field Evidence from a Randomized Control Trial
AEA Randomized Controlled Trials, 2019 We implement a survey of Dutch households in which random subsets of respondents receive information about inflation. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect consumption decisions.
Olivier Coibion +3 more
semanticscholar +1 more source
Social Science Research Network, 2021 In a field experiment that constructs a randomized credit limit shock, participants borrow to spend 11 cents on the dollar in the first quarter and 28 cents by the third year.
Deniz Aydin
semanticscholar +1 more source
Luxuries, Necessities, and the Allocation of Time
Social Science Research NetworkHouseholds enjoy utility from activities that require a combination of time and goods. We classify activities into two types: luxuries and necessities. Luxuries (necessities) are activities for which time and expenditure shares rise (decline) with income.
Lei Fang, Anne Hannusch, Pedro Silos
semanticscholar +1 more source
Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis
The American Economic Review, 2020 We examine the consequences of a sudden increase in household debt burdens by exploiting variation in exposure to household foreign currency debt during Hungary’s late-2008 currency crisis.
Emil Verner, Gyozo Gyongyosi
semanticscholar +1 more source
How Large are Housing and Financial Wealth Effects? A New Approach
Social Science Research Network, 2010 This paper presents a simple new method for measuring `wealth effects' on aggregate consumption. The method exploits the stickiness of consumption growth (sometimes interpreted as reflecting consumption `habits') to distinguish between immediate and ...
C. Carroll +2 more
semanticscholar +1 more source
Sufficient Statistics for Nonlinear Tax Systems with General Across-Income Heterogeneity
Social Science Research NetworkThis paper provides empirically implementable sufficient statistics formulas for optimal nonlinear tax systems in the presence of across-income heterogeneity in preferences, inheritances, income-shifting capabilities, and other sources.
Antoine Ferey +2 more
semanticscholar +1 more source
The Gender Investment Gap over the Life Cycle
The Review of financial studiesSingle women invest less in risky assets than do single men. This paper analyzes the determinants of the “gender investment gap” based on a structural life-cycle framework.
A. Bacher
semanticscholar +1 more source
Government Spending Multipliers Under the Zero Lower Bound: Evidence from Japan
American Economic Journal: Macroeconomics, 2016 Using a rich dataset on government spending forecasts in Japan, we provide new evidence on the effects of unexpected changes in government spending when the nominal interest rate is near the zero lower bound (ZLB).
Wataru Miyamoto, T. Nguyen, D. Sergeyev
semanticscholar +1 more source
Estimating Discount Functions with Consumption Choices over the Lifecycle
The Review of financial studiesWe estimate β-δ time preferences and relative risk aversion (RRA) using a lifecycle model including stochastic income, liquid and illiquid assets, credit cards, dependents, Social Security, mortality, and bequests.
D. Laibson +4 more
semanticscholar +1 more source
Stock Market Wealth and the Real Economy: A Local Labor Market Approach
The American Economic Review, 2019 We provide evidence of the stock market consumption wealth effect by using a local labor market analysis. An increase in local stock wealth driven by aggregate stock prices increases local employment and payroll in nontradable industries and in total ...
Gabriel Chodorow-reich +2 more
semanticscholar +1 more source