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Households' Response to the Wealth Effects of Inflation
Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas - National Bureau of Economic Research - 2023
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014372429
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Determinants of Health Insurance Enrollment and Health Expenditure in Ghana : An Empirical Analysis
Adjei-Mantey, Kwame; Horioka, Charles - National Bureau of Economic Research - 2022
This paper analyzes the determinants of health insurance enrollment and health expenditure in Ghana using micro data from wave 7 of the Ghana Living Standards Survey (GLSS 7) with emphasis on the role of risk preferences and the availability of health facilities in one's own community. It is...
Persistent link: https://www.econbiz.de/10013334394
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Nonparametric Estimation of Demand with Switching Costs : the Case of Habitual Brand Loyalty
Kong, Xinyao; Dubé, Jean-Pierre H.; Daljord, Øystein - National Bureau of Economic Research - 2024
We study habitual brand loyalty, one of the earliest empirically-studied forms of switching costs and a classic source of structural state-dependence in consumer demand. Auxiliary instruments and economically-motivated restrictions can tighten nonparametric bounds on the extent of brand loyalty...
Persistent link: https://www.econbiz.de/10015072935
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The Retirement-Consumption Puzzle : New Evidence from Personal Finances
Olafsson, Arna - 2018
related or not, even with the best data. We thus look at household finances and find that individuals delever upon retirement …
Persistent link: https://www.econbiz.de/10012453309
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International Evidence on Sticky Consumption Growth
Carroll, Christopher D. - 2008
We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...
Persistent link: https://www.econbiz.de/10012464771
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The How and Why of Household Reactions to Income Shocks
Colarieti, Roberto; Mei, Pierfrancesco; Stantcheva, Stefanie - National Bureau of Economic Research - 2024
-making processes across households (the "why"). The combination of the quantitative estimation of household response dynamics with a … qualitative exploration of the mental models employed during financial decisions provides a more complete view of household … showing significant variability. However, MPDs play a critical role in household financial adjustments and display …
Persistent link: https://www.econbiz.de/10014512045
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Intrahousehold Welfare : Theory and Application to Japanese Data
Chiappori, Pierre-André; Meghir, Costas; Okuyama, Yoko - National Bureau of Economic Research - 2024
of two public goods: expenditures on children and other public goods including housing. We show empirically that women … the household …
Persistent link: https://www.econbiz.de/10014635608
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Latent Heterogeneity in the Marginal Propensity to Consume
Lewis, Daniel J.; Melcangi, Davide; Pilossoph, Laura - National Bureau of Economic Research - 2024
average propensity to consume. Household observable characteristics explain only 8% of MPC variation, highlighting the role of …
Persistent link: https://www.econbiz.de/10014544800
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Managing Mental Accounts : Payment Cards and Consumption Expenditures
Gelman, Michael; Roussanov, Nikolai - National Bureau of Economic Research - 2023
Does mental accounting matter for total consumption expenditures? We exploit a unique setting in which individuals exogenously received a new credit card, without requesting one. Using random variation in the time of receipt we show that individuals temporarily increase total consumption...
Persistent link: https://www.econbiz.de/10014337846
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Why Do Europeans Save? Micro-Evidence from the Household Finance and Consumption Survey
Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2024
We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey …
Persistent link: https://www.econbiz.de/10015056164