Showing 1 - 10 of 599
In this paper we analyze income tax design in a two member household labor supply model where time spent on consumption … together by the two household members is valued differently from time spent apart. We treat consumption as a non excludable … public good to members of the household; one example would be where all household members or one alone can watch TV. When …
Persistent link: https://www.econbiz.de/10012465143
We study how Americans respond to idiosyncratic and exogenous changes in household wealth and unearned income. Our …
Persistent link: https://www.econbiz.de/10012599290
China's high household savings rate has attracted great academic interest but remains a puzzle. Potential explanations … include demographic, policy, and financial causes. Yet a lack of reliable microlevel data on household finances makes it …
Persistent link: https://www.econbiz.de/10013172155
We investigate the stochastic relation between income and consumption (specifically, consumption of food) within a panel of about 2,000 households. Our major findings are: 1. Consumption responds much more strongly to permanent than to transitory movements of income. 2. The response to...
Persistent link: https://www.econbiz.de/10012478631
The growth in single-person households is a pervasive behavioral phenomenon in the United States in the post-war period. In this paper we investigate determinants of the propensity to live alone, using 1970 data across states for single men and women ages 25 to 34 and for elderly widows. Income...
Persistent link: https://www.econbiz.de/10012478656
This paper assesses the impacts across US household income groups of carbon taxes of various designs. We consider both …
Persistent link: https://www.econbiz.de/10012480833
When the zero lower bound on nominal interest rate binds, monetary policy makers may lack traditional tools to stimulate aggregate demand. We investigate whether "unconventional" fiscal policy, in the form of pre-announced consumption tax changes, has the potential to meaningfully shift durables...
Persistent link: https://www.econbiz.de/10012480864
We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...
Persistent link: https://www.econbiz.de/10012481050
This paper uses national household survey data to examine changes in real per capita incomes in South Africa between …
Persistent link: https://www.econbiz.de/10012461996
China's household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … accompanied by a substantial increase in income uncertainty. Interestingly, the permanent variance of household income remains … that rising income uncertainty and pension reforms can account for over half of the increase in the urban household savings …
Persistent link: https://www.econbiz.de/10012462092