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This study addresses the different distributional and welfare implications of price volatility amid the ongoing cost-of-living crisis, focusing on both Turkey and the South Caucasus region, which have different welfare regimes and patterns of price changes. This paper explores the impact of...
Persistent link: https://www.econbiz.de/10014431781
English Abstract: This paper explores the heterogeneous effects of monetary policy on consumption between workers and … retirees. Using household-level data from the U.S., Italy, Japan and Korea, we first show that the consumption of retirees … in order to study the mechanism of the differential effects on consumption of workers and retirees of monetary policy …
Persistent link: https://www.econbiz.de/10012607046
in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large … confidence shock in the Southern European countries and a shift in consumer preferences in the Northern Eu-ropean countries …-term sectoral consumption shifts may occur. …
Persistent link: https://www.econbiz.de/10012643267
in consumption in five key sectors: tourism, hospitality, services, retail, and public transports. We identify a large … confidence shock in the Southern European countries and a shift in consumer preferences in the Northern European countries …-term sectoral consumption shifts may occur. …
Persistent link: https://www.econbiz.de/10012665880
Changing dietary habits to reduce the consumption of meat is considered to have great potential to mitigate food …-related greenhouse gas (GHG) emissions. To test if nudging can increase the consumption of vegetarian food, I conducted a field … period after the original setup was reinstated. The changes in consumption reduced GHG emissions from food sales around 5 …
Persistent link: https://www.econbiz.de/10012943868
We introduce a framework to evaluate the welfare effects of residential energy efficiency programs and estimate key parameters using a 100,000-household field experiment. Results generally contradict conventional wisdom: there is no evidence of informational or behavioral market failures,...
Persistent link: https://www.econbiz.de/10012959519
Nudges are becoming increasingly popular policy tools. Yet, distributional effects of nudges are largely unknown. We first design an economic laboratory experiment to examine the incidence of an opportunity cost reminder nudge (a salience nudge) designed to curb spending, while accounting for...
Persistent link: https://www.econbiz.de/10012935416
We empirically assess the distributional impacts and welfare effects of policies to incentivize renewable electricity production for the case of Italy. We use data from the Household Budget Survey between 2000 and 2010 to estimate a demand system in which energy goods' shares of expenditure are...
Persistent link: https://www.econbiz.de/10012991587
This paper analyzes the impact of externalities on household demand for sanitation and the subsequent welfare effects generated from policy interventions. A critical feature of household sanitation (e.g., toilets) is that the take-up generates externalities where the privately chosen level is...
Persistent link: https://www.econbiz.de/10013294178
consumer expenditure patterns. We show that the consumption expenditure responses to the spread of the COVID-19 pandemic are … of health-related consequences transforms an aggregate shock into an idiosyncratic one for any novel infectious disease …
Persistent link: https://www.econbiz.de/10013221192