Results 21 to 30 of about 75,594 (47)
Assessing the Gains from E-Commerce
American Economic Journal: Macroeconomics, 2019 E-commerce represents a rapidly growing share of consumer spending in the United States. We use transactions-level data on credit and debit cards from Visa, Inc. between 2007 and 2017 to quantify the resulting consumer surplus.
P. Dolfen +6 more
semanticscholar +1 more source
Transitory Income Changes and Consumption Smoothing: Evidence from Mexico
Social Science Research NetworkIZA DP No. 14452 JUNE 2021 Transitory Income Changes and Consumption Smoothing: Evidence from Mexico We study how 3,534 beneficiaries of PROSPERA, Mexico’s cash transfer program, smooth food consumption around the transfer payday, an anticipated and ...
M. Angelucci +3 more
semanticscholar +1 more source
Time Discounting and Wealth Inequality
The American Economic Review, 2019 This paper documents a large association between individuals’ time discounting in incentivized experiments and their positions in the real-life wealth distribution derived from Danish high-quality administrative data for a large sample of middle-aged ...
Thomas Epper +6 more
semanticscholar +1 more source
Designing Pension Plans According to Consumption-Savings Theory
The Review of financial studiesWe derive optimal characteristics of contribution rates into defined contribution pension plans based on consumption-savings theory. Contribution rates should increase with age and decrease with the balance-to-income ratio. Using Swedish registry data,
Kathrin Schlafmann +2 more
semanticscholar +1 more source
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Severe Weather and the Macroeconomy
American Economic Journal: MacroeconomicsWe investigate the impact of severe weather shocks on the US macroeconomy over the past 60 years. Using a nonlinear vector autoregressive model, we find robust evidence of time-varying effects.
Hee Soo Kim +2 more
semanticscholar +1 more source
The Long-Run Effects of Government Spending
The American Economic ReviewMilitary spending has large and persistent effects on output because it shifts the composition of public spending toward R&D. This boosts innovation and private investment in the medium term and increases productivity and GDP at longer horizons. Public R&
Juan Antolín-Díaz, P. Surico
semanticscholar +1 more source
The Geography of Consumption and Local Economic Shocks: The Case of the Great Recession
American Economic Journal: MacroeconomicsWe estimate across-county spending flows between firms and consumers for every county in the United States, providing a new consumption link that has not been studied previously.
Abe Dunn, M. Gholizadeh
semanticscholar +1 more source
American Economic Journal: Applied Economics
Social assistance programs can increase consumption and reduce poverty, but less is known about whether these impacts are sustained after programs end or how design and context influence sustainability.
Akhter Ahmed +5 more
semanticscholar +1 more source
Social assistance programs can increase consumption and reduce poverty, but less is known about whether these impacts are sustained after programs end or how design and context influence sustainability.
Akhter Ahmed +5 more
semanticscholar +1 more source
Wealth Inequality, Aggregate Consumption, and Macroeconomic Trends under Incomplete Markets
American Economic Journal: MacroeconomicsI construct an incomplete market model featuring a closed-form expression for optimal consumption. In the model, individual consumption is an isoelastic function of wealth, inclusive of income, yielding partial consumption smoothing based on borrowing ...
Byoungchan Lee
semanticscholar +1 more source
The American Economic Review, 2020
We exploit variation in mortgage modifications to disentangle the impact of reducing long-term obligations with no change in short-term payments (“wealth”), and reducing short-term payments with no change in long-term obligations (“liquidity”).
Peter Ganong, P. Noel
semanticscholar +1 more source
We exploit variation in mortgage modifications to disentangle the impact of reducing long-term obligations with no change in short-term payments (“wealth”), and reducing short-term payments with no change in long-term obligations (“liquidity”).
Peter Ganong, P. Noel
semanticscholar +1 more source