Narrow search
Showing 1 - 10 of 88,933
Cover Image
The Composition Effect of Consumption around Retirement : Evidence from Singapore
Agarwal, Sumit - 2014
It is well established that consumption is “hump” shaped over an individual's lifecycle, peaking in middle age and then … declining in the years that follow. Prior research has documented that consumption declines at retirement, which is inconsistent … with the standard lifecycle model with consumption smoothing. Using a unique dataset with detailed administrative records …
Persistent link: https://www.econbiz.de/10013044705
Cover Image
Consumption and Debt Response to Unanticipated Income Shocks : Evidence from a Natural Experiment in Singapore
Agarwal, Sumit - 2014
exogenous unanticipated income shock. Consumption rose significantly after the fiscal policy announcement: during the ten … liquid assets or with low credit card limit experienced stronger consumption responses …
Persistent link: https://www.econbiz.de/10013064215
Cover Image
Tax Differential and Cross-Border Shopping : Evidence from Singapore
Agarwal, Sumit - 2018
Higher sales tax in the home country relative to a neighboring country creates a huge incentive for consumers who live closer to the border to purchase goods across the border. Using a unique panel dataset of consumer financial transactions, we find that, when facing higher domestic sales tax,...
Persistent link: https://www.econbiz.de/10012932806
Cover Image
Tax Differential and Cross-Border Shopping : Evidence from Singapore
Agarwal, Sumit; Chomsisengphet, Souphala; Qian, Wenlan; … - 2017
Higher sales tax in the home country relative to a neighboring country creates a huge incentive for consumers who live closer to the border to purchase goods across the border. Using a unique panel dataset of consumer financial transactions, we find that, when facing higher domestic sales tax,...
Persistent link: https://www.econbiz.de/10014158215
Cover Image
Thy Neighbor’s Misfortune : Peer Effect on Consumption
Agarwal, Sumit - 2020
Singapore suggest liquidity shocks drive personal bankruptcy decisions, leading to a substantial drop in consumption for the …Using a large, representative sample of credit and debit card transactions in Singapore, this paper studies the … consumption response of individuals whose same-building neighbors experienced personal bankruptcy. The unique bankruptcy rules in …
Persistent link: https://www.econbiz.de/10012855514
Cover Image
Age of Decision : Pension Savings Withdrawal and Consumption and Debt Response
Agarwal, Sumit - 2018
This paper exploits an administrative regulation in Singapore that allows individuals to withdraw between 10 to 30 …
Persistent link: https://www.econbiz.de/10012937807
Cover Image
Consumption and Saving Response to a Tax-Subsidized Saving Policy : Evidence from India
Agarwal, Sumit - 2018
households reduce their consumption in order to finance a tax-favored saving instrument using a unique administrative panel data … consumption by US$25 (5.2%) per month on average in order to finance the tax-favored saving account. For a one dollar increase in …
Persistent link: https://www.econbiz.de/10012933146
Cover Image
The reaction of consumer spending and debt to tax rebates: Evidence from consumer credit data
Lusardi, Annamaria; Mitchell, Olivia S. - Center for Financial Studies - 2007
We use a new panel dataset of credit card accounts to analyze how consumer responded to the 2001 Federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that, on...
Persistent link: https://www.econbiz.de/10010986371
Cover Image
The reaction of consumer spending and debt to tax rebates: Evidence from consumer credit data
Agarwal, Sumit; Liu, Chunlin; Souleles, Nicholas S. - 2007
We use a new panel dataset of credit card accounts to analyze how consumers responded to the 2001 federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that on average...
Persistent link: https://www.econbiz.de/10010292101
Cover Image
The reaction of consumer spending and debt to tax rebates: Evidence from consumer credit data
Lusardi, Annamaria; Mitchell, Olivia S. - 2007
We use a new panel dataset of credit card accounts to analyze how consumer responded to the 2001 Federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that, on...
Persistent link: https://www.econbiz.de/10010298384