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Five Decades of Consumption and Income Poverty
Meyer, Bruce D. - 2009
This paper examines poverty in the United States from 1960 through 2005. We investigate how poverty rates and poverty … different income and consumption measures of poverty, and consider explanations for the differences in trends. We document sharp … differences, particularly in recent years, between different income poverty measures, and between income and consumption poverty …
Persistent link: https://www.econbiz.de/10012463820
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International Migration, Remittances, and Household Investment : Evidence from Philippine Migrants' Exchange Rate Shocks
Yang, Dean - 2006
peso leads to increases in household remittances received from overseas. The estimated elasticity of Philippine …-peso remittances with respect to the Philippine/foreign exchange rate is 0.60. These positive income shocks lead to enhanced human …
Persistent link: https://www.econbiz.de/10012466340
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Lethal Unemployment Bonuses? Substitution and Income Effects on Substance Abuse, 2020-21
Mulligan, Casey B. - National Bureau of Economic Research - 2022
Marginal prices fell, and disposable incomes increased, for drug and alcohol consumers during the pandemic. Most of the amount, timing, and composition of the 240,000 deaths involving alcohol and drugs since early 2020 can be explained by income effects and category-specific price changes. For...
Persistent link: https://www.econbiz.de/10012938688
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Changes in the Distribution of Economic Well-Being during the COVID-19 Pandemic : Evidence from Nationally Representative Consumption Data
Meyer, Bruce D.; Murphy, Connacher; Sullivan, James X. - National Bureau of Economic Research - 2022
We examine the distribution of household consumption, income and savings from 2019 through the end of 2020 using the Consumer Expenditure Survey (CE) and other data. This is the first work to study the impact of the COVID-19 pandemic on economic well-being using nationally representative...
Persistent link: https://www.econbiz.de/10013172177
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The Sensitivity of Consumption to Transitory Income : Estimates from Panel Data on Households
Hall, Robert E. - 1980
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
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Do Household Finances Constrain Unconventional Fiscal Policy?
Baker, Scott R. - 2018
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
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Debt Relief and Slow Recovery : A Decade after Lehman
Piskorski, Tomasz - 2018
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
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Long-term Effects of the Targeting the Ultra Poor Program
Banerjee, Abhijit - 2020
following the transfer and persist until year 10, consistent with the alleviation of a poverty trap. One main channel for …
Persistent link: https://www.econbiz.de/10012482293
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Check in the Mail or More in the Paycheck : Does the Effectiveness of Fiscal Stimulus Depend on How It Is Delivered?
Sahm, Claudia R. - 2010
Recent fiscal policies, including the 2008 stimulus payments and the 2009 Making Work Pay tax credit, aimed to increase household spending. This paper quantifies the spending response to these policies and examines differences in spending by whether the stimulus was delivered as a one-time...
Persistent link: https://www.econbiz.de/10012462409
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Who Bears Aggregate Fluctuations and How?
Parker, Jonathan A. - 2009
The consumption of high-consumption households is more exposed to fluctuations in aggregate consumption and income than that of low-consumption households in the Consumer Expenditure (CEX) Survey. The exposure to aggregate consumption growth of households in the top 10 percent of the consumption...
Persistent link: https://www.econbiz.de/10012463982