Showing 1 - 10 of 148
The COVID-19 pandemic led to stark reductions in economic activity in India. We employ CMIE's Consumer Pyramids …, that reservation wages fell, implying that the risk of COVID did not reduce the value of employment. Third, we find that …
Persistent link: https://www.econbiz.de/10012585419
We provide measures of ethnic and racial segregation in urban consumption. Using Yelp reviews, we estimate how spatial and social frictions influence restaurant visits within New York City. Transit time plays a first-order role in consumption choices, so consumption segregation partly reflects...
Persistent link: https://www.econbiz.de/10012453889
new dimension affecting local consumption markets, and provide evidence that consumer mobility influences local employment …
Persistent link: https://www.econbiz.de/10012455066
We document a decline in the frequency of shopping trips in the U.S. since 1980 and consider its implications for the measurement of consumption inequality. A decline in shopping frequency as households stock up on storable goods (i.e. inventory behavior) will lead to a rise in expenditure...
Persistent link: https://www.econbiz.de/10012455324
Despite the large increase in U.S. income inequality, consumption for families at the 25th and 50th percentiles of income has grown steadily over the time period 1960-2015. The number of cars per household with below median income has doubled since 1980 and the number of bedrooms per household...
Persistent link: https://www.econbiz.de/10012455389
Nonlinear cost-sharing in health insurance encourages intertemporal substitution be- cause patients can reduce their out-of-pocket costs by concentrating spending in years when they hit the deductible. We test for such intertemporal substitution using data from the RAND Health Insurance...
Persistent link: https://www.econbiz.de/10012455878
We examine how consumption responds to changes in sentiment regarding government economic policy using cross-sectional variation across counties in the ideological predisposition of constituents. When the incumbent party loses a presidential election, individuals in counties more ideologically...
Persistent link: https://www.econbiz.de/10012457351
This paper exploits two unique features of China's history to study the effects of access to internal migration: reforms to the household registration (hukou) system, and historical migration flows. We show that temporary migration due to a government policy called the "sent-down youth" (SDY)...
Persistent link: https://www.econbiz.de/10012457353
experiencing disproportionate reductions in demand and employment during the Great Recession. Exploiting program eligibility …
Persistent link: https://www.econbiz.de/10012458318
We estimate the effect of information and expertise on consumers' willingness to pay for national brands in physically homogeneous product categories. In a detailed case study of headache remedies we find that more informed or expert consumers are less likely to pay extra to buy national brands,...
Persistent link: https://www.econbiz.de/10012458372