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Life Insurance and Household Consumption
Hong, Jay H.; Ríos-Rull, José-Víctor - In: American Economic Review 102 (2012) 7, pp. 3701-30
Using life insurance holdings by age, sex, and marital status, we infer how individuals value consumption in different …
Persistent link: https://www.econbiz.de/10011129967
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Consumer Spending and the Economic Stimulus Payments of 2008
Parker, Jonathan A.; Souleles, Nicholas S.; Johnson, … - In: American Economic Review 103 (2013) 6, pp. 2530-53
We measure the change in household spending caused by receipt of the economic stimulus payments of 2008, using questions added to the Consumer Expenditure Survey and variation from the randomized timing of disbursement. Households spent 12-30 percent (depending on specification) of their...
Persistent link: https://www.econbiz.de/10010815517
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The Response of Household Saving to the Large Shock of German Reunification
Fuchs-Schundeln, Nicola - In: American Economic Review 98 (2008) 5, pp. 1798-1828
experiment, I analyze the validity of the life-cycle consumption model. I derive three stylized features concerning the saving …
Persistent link: https://www.econbiz.de/10005761587
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Intertemporal Consumption and Credit Constraints: Does Total Expenditure Respond to an Exogenous Shock to Credit?
Leth-Petersen, Søren - In: American Economic Review 100 (2010) 3, pp. 1080-1103
enabled Danish house owners to use housing equity as collateral for consumption loans. We find that the magnitude of the …
Persistent link: https://www.econbiz.de/10008542958
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Consumption and Debt Response to Unanticipated Income Shocks: Evidence from a Natural Experiment in Singapore
Agarwal, Sumit; Qian, Wenlan - In: American Economic Review 104 (2014) 12, pp. 4205-30
exogenous unanticipated income shock. Consumption rose significantly after the fiscal policy announcement: during the ten … liquid assets or with low credit card limit experienced stronger consumption responses. (JEL D12, D14, E21) …
Persistent link: https://www.econbiz.de/10011093398
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The Spending and Debt Response to Minimum Wage Hikes
Aaronson, Daniel; Agarwal, Sumit; French, Eric - In: American Economic Review 102 (2012) 7, pp. 3111-39
Immediately following a minimum wage hike, household income rises on average by about $250 per quarter and spending by roughly $700 per quarter for households with minimum wage workers. Most of the spending response is caused by a small number of households who purchase vehicles. Furthermore, we...
Persistent link: https://www.econbiz.de/10010815749
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Who Is (More) Rational?
Choi, Syngjoo; Kariv, Shachar; Wieland M?ller; … - In: American Economic Review 104 (2014) 6, pp. 1518-50
Revealed preference theory offers a criterion for decision-making quality: if decisions are high quality then there exists a utility function the choices maximize. We conduct a large-scale experiment to test for consistency with utility maximization. Consistency scores vary markedly within and...
Persistent link: https://www.econbiz.de/10010777186
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Immigration and Inequality
Card, David - In: American Economic Review 99 (2009) 2, pp. 1-21
Persistent link: https://www.econbiz.de/10004999865
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Immigration and Poverty in the United States
Raphael, Steven; Smolensky, Eugene - In: American Economic Review 99 (2009) 2, pp. 41-44
Persistent link: https://www.econbiz.de/10004999874
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Habit Formation in Consumer Preferences: Evidence from Panel Data
Dynan, Karen E. - In: American Economic Review 90 (2000) 3, pp. 391-406
condition relating the strength of habits to the evolution of consumption over time. When the condition is estimated with food … consumption data from the Panel Study on Income Dynamics (PSID), the results yield no evidence of habit formation at the annual … and services consumption created by combining PSID variables with weights estimated from Consumer Expenditure Survey data. …
Persistent link: https://www.econbiz.de/10005571809