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1
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
Saved in:
2
Associative Memory and Belief Formation
Enke, Benjamin
-
2020
associative memory. We design a
theory
-driven experiment, in which participants observe signals about hypothetical companies. Here …
Persistent link: https://www.econbiz.de/10012479188
Saved in:
3
Sticky Expectations and Consumption Dynamics
Carroll, Christopher D.
-
2018
Macroeconomic models often invoke consumption "habits" to explain the substantial persistence of aggregate consumption growth. But a large literature has found no evidence of habits in microeconomic datasets that measure the behavior of individual households. We show that the apparent conflict...
Persistent link: https://www.econbiz.de/10012453337
Saved in:
4
Guns, Latrines, and Land Reform : Private Expectations and Public Policy
Kremer, Michael
-
2016
Dynamically and statically optimal Pigouvian subsidies on durables will differ in a growing economy. For durables with positive externalities, such as sanitation, statically optimal subsidies will typically grow. However, in a dynamic game, governments can most cheaply induce optimal purchasing...
Persistent link: https://www.econbiz.de/10012456757
Saved in:
5
The economics of new goods : [contains revised versions of the papers and discussion presented at the Conference on Research in Income and Wealth entitled New Products : history,
t...
Bresnahan, Timothy F.
(
ed.
);
Gordon, Robert J.
(
ed.
)
-
1997
Persistent link: https://www.econbiz.de/10000592908
Saved in:
6
Household production and consumption
Terleckyj, Nestor E.
(
ed.
)
-
1975
Persistent link: https://www.econbiz.de/10013336569
Saved in:
7
The Wealthy Hand-to-Mouth
Kaplan, Greg
-
2014
accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K.,
Germany
, France, Italy, and …
Persistent link: https://www.econbiz.de/10012458591
Saved in:
8
Which Beliefs? Behavior-Predictive Beliefs are Inconsistent with Information-Based Beliefs : Evidence from COVID-19
Heffetz, Ori
;
Ishai, Guy
-
National Bureau of Economic Research
-
2021
We investigate the relationship between (a) official information on COVID-19 infection and death case counts; (b) beliefs about such case counts, at present and in the future; (c) beliefs about average infection chance--in principle, directly calculable from (b); and (d) self-reported...
Persistent link: https://www.econbiz.de/10012696361
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9
Scarring Body and Mind : The Long-Term Belief-Scarring Effects of COVID-19
Kozlowski, Julian
-
2020
The largest economic cost of the COVID-19 pandemic could arise from changes in behavior long after the immediate health crisis is resolved. A potential source of such a long-lived change is scarring of beliefs, a persistent change in the perceived probability of an extreme, negative shock in the...
Persistent link: https://www.econbiz.de/10012481634
Saved in:
10
Job Loss Expectations, Realizations, and Household Consumption Behavior
Stephens, Melvin, Jr
-
2003
Although the theoretical importance of expectations in decision-making is well-known to economists, only a few empirical papers investigate the impact of individual subjective expectations on economic outcomes. This paper examines the link between expectations of future job losses and the...
Persistent link: https://www.econbiz.de/10012469195
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