Johnson, David S.; Parker, Jonathan A.; Souleles, … - Woodrow Wilson School of Public and International … - 2004
Consumer Expenditure Survey, we exploit this historically unique experiment to measure the change in consumption expenditures … about 20-40 percent of their rebates on non-durable goods during the three-month period in which their rebates were received … consumption demand are significant. The estimated responses are largest for households with relatively low liquid wealth and low …