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How Americans Respond to Idiosyncratic and Exogenous Changes in Household Wealth and Unearned Income
Golosov, Michail Ju.; Graber, Michael; Mogstad, Magne; … - National Bureau of Economic Research - 2021
We study how Americans respond to idiosyncratic and exogenous changes in household wealth and unearned income. Our …
Persistent link: https://www.econbiz.de/10012599290
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Fertility and Savings : The Effect of China's Two-Child Policy on Household Savings
Baker, Scott; Benmelech, Efraim; Zhishu Yang; Zhang, Qi - National Bureau of Economic Research - 2022
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
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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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Changes in Household Living Arrangements 1950-76
Michael, Robert T. - 1980
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
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Impacts of a Carbon Tax across US Household Income Groups : What Are the Equity-Efficiency Trade-Offs?
Goulder, Lawrence H. - 2018
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
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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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Fifteen Years On : Household Incomes in South Africa
Leibbrandt, Murray - 2011
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
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Income Uncertainty and Household Savings in China
Chamon, Marcos - 2010
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
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Inequality and Volatility Moderation in Russia : Evidence from Micro-Level Panel Data on Consumption and Income
Gorodnichenko, Yuriy - 2009
We construct key household and individual economic variables using a panel micro data set from the Russia Longitudinal …
Persistent link: https://www.econbiz.de/10012463569