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Welfare Reform and Family Expenditures : How are Single Mothers Adapting to the New Welfare and Work Regime?

Kaushal, Neeraj - 2010

affect total expenditures in households headed by low-educated single mothers. However, patterns of expenditure did change … significant changes in expenditures on childcare or learning and enrichment activities. This pattern of results suggests that … welfare reform has shifted family expenditures towards items that facilitate work outside the home, but, at least so far, has …

Persistent link: https://www.econbiz.de/10012760606

Consumer Durables and the Real Interest Rate

Mankiw, N. Gregory - 2021

One important channel through which real interest rates affect aggregate demand is consumer expenditure on durable goods. This paper examines empirically the link between interest rates and consumer durables. Solving for the decision rule relating income and interest rates to consumer demand is...

Persistent link: https://www.econbiz.de/10013246298

International Student Mobility : Growth and Dispersion

Kaushal, Neeraj - 2019

mobility – the human capital model and the migration model – across traditional and emerging destinations. Our findings suggest … that while the predictions of the migration model are generally valid in explaining student emigration to non …

Persistent link: https://www.econbiz.de/10012868744

Consumption, Income, and Interest Rates : Reinterpreting the Time Series Evidence

Campbell, John Y.; Mankiw, N. Gregory - 2021

This paper proposes that the time-series data on consumption, income, and interest rates are best viewed as generated not by a single representative consumer but by two groups of consumers. Half the consumers are forward-looking and consume their permanent income, but are extremely reluctant to...

Persistent link: https://www.econbiz.de/10013221500

The Savers-Spenders Theory of Fiscal Policy

Mankiw, N. Gregory - 2021

The macroeconomic analysis of fiscal policy is usually based on one of two canonical models--the Barro-Ramsey model of infinitely-lived families or the Diamond-Samuelson model of overlapping generations. This paper argues that neither model is satisfactory and suggests an alternative. In the...

Persistent link: https://www.econbiz.de/10013213064

Permanent Income, Current Income, and Consumption

Campbell, John Y.; Mankiw, N. Gregory - 2021

This paper reexamines the consistency of the permanent income hypothesis with aggregate, post-war, United States data. The permanent income hypothesis is nested within a more general model in which a fraction of income accrues to individuals who consume their current income rather than their...

Persistent link: https://www.econbiz.de/10013244900

The Consumption of Stockholders and Non-Stockholders

Mankiw, N. Gregory - 2011

Only one-fourth of U.S. families own stock. This paper examines whether the consumption of stockholders differs from the consumption of non-stockholders and whether these differences help explain the empirical failures of the consumption-based CAPM. Household panel data are used to construct...

Persistent link: https://www.econbiz.de/10013126554

Consumer Spending and the After-Tax Real Interest Rate

Mankiw, N. Gregory - 2004

This paper examines the interaction between consumer durable goods andconsumer non-durable goods in determining the responsiveness of totalexpenditure to the after-tax real interest rate. The introduction ofconsumer durables into the consumer's decision problem can have importanteffects on the...

Persistent link: https://www.econbiz.de/10014104381

Consumption : Beyond Certainty Equivalence

Blanchard, Olivier J.; Mankiw, N. Gregory - 2021

This paper discusses the recent research on the consumption function that has attempted to relax the assumption of certainty equivalence. While there remain many open questions, both theoretical and empirical, it is clear that the assumption of certainty equivalence can be misleading. Under more...

Persistent link: https://www.econbiz.de/10013230992

Health and Mental Health Effects of Local Immigration Enforcement

Wang, Julia Shu-Huah - 2018

We study the effect of two local immigration enforcement policies – Section 287(g) of the Illegal Immigration Reform and Immigrant Responsibility Act and the Secure Communities Program (SC) – that have escalated fear and risk of deportation among the undocumented on the health and mental...

Persistent link: https://www.econbiz.de/10012922215