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Bils, Mark; Klenow, Peter J. - 2021

We introduce an instrumental variables approach to estimate the importance of unmeasured quality growth for a set of 66 durable consumer goods. Our instrument is based on predicting which of these 66 goods will display rapid quality growth. Using pooled cross- relatively sections of households...

Persistent link: https://www.econbiz.de/10013219971

Consumer Durables and Inertial Behavior : Estimation and Aggregation of (S,S) Rules

Attanasio, Orazio P. - 2021

This paper presents an (S,s) model for automobile consumption and estimates it using a data set of US households. The model allows for unobserved heterogeneity in both the target level and the band width, takes into account the possibility of a zero desired level, constrains the band to be non...

Persistent link: https://www.econbiz.de/10013224326

Consumption Dynamics During Recessions

Berger, David - 2014

expenditures respond more sluggishly to economic shocks during recessions because microeconomic frictions lead to declines in the …

Persistent link: https://www.econbiz.de/10013053155

Non-Durable Consumption and Housing Net Worth in the Great Recession : Evidence from Easily Accessible Data

Kaplan, Greg - 2016

housing net worth on household expenditures during the Great Recession. Their widely-cited estimates are based on proprietary … specification on our data, we obtain values for the elasticity of expenditures to the housing net worth shock that are virtually … conclusions about the separate roles of house prices and initial housing exposure/leverage for the drop in expenditures. Moreover …

Persistent link: https://www.econbiz.de/10012992649

The Effect of Unconventional Fiscal Policy on Consumption Expenditure

D'Acunto, Francesco - 2016

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural experiment for an empirical test of the effectiveness of...

Persistent link: https://www.econbiz.de/10012984119

Unconventional Fiscal Policy

D'Acunto, Francesco - 2018

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We provide preliminary evidence for the effectiveness of such policies using changes in...

Persistent link: https://www.econbiz.de/10012929012

Mismatch and Assimilation

Wang, Ping - 2018

Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...

Persistent link: https://www.econbiz.de/10012911691

Does Immigration Hurt African-American Self-Employment?

Fairlie, Robert W.; Meyer, Bruce D. - 2021

Previous studies tend to find that immigration has a weak negative effect on the employment and earnings of native-born workers. These studies overlook the effect of immigration on an important sector of the labor force, the self- employed. Anecdotal evidence suggests that immigrants, especially...

Persistent link: https://www.econbiz.de/10013247178

The Impact of Assimilation on the Earnings of Immigrants : a Reexamination of the Evidence

Borjas, George J. - 2021

This paper reexamines the empirical basisfor two "facts" which seem to be found in most cross-section studies of immigrant earnings: (1) the earnings of immigrants grow rapidly as they assimilate into the U.S.; and (2) this rapid growth leads to many immigrants overtaking the earnings of the...

Persistent link: https://www.econbiz.de/10013215378

Self-Selection and the Earnings of Immigrants

Borjas, George J. - 2010

earnings of the native population because of the endogeneity of the migration decision. The conditions that determine the … migration …

Persistent link: https://www.econbiz.de/10012760285