Acconcia, Antonio; Corsetti, Giancarlo; Simonelli, Saverio - Centro Studi di Economia e Finanza (CSEF) - 2015
Exploiting three earthquakes in Italy as quasi-experiments, we analyze the response of homeowners’ consumption to … significant effect on non-durable consumption on impact, especially for households with a low level of liquid wealth and bank debt …. In contrast, we find no significant consumption change in response to the in-kind equivalent of cash transfers. Our study …