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Home Price Expectations and Spending: Evidence from a Field Experiment
Chopra, Felix; Roth, Christopher; Wohlfart, Johannes - 2023
evidence has implications for the role of asset price expectations in business cycle dynamics and consumption inequality. …
Persistent link: https://www.econbiz.de/10014377425
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Saving Alberta's Resource Revenues: Role of Intergenerational and Liquidity Funds
van den Bremer, Ton S.; van der Ploeg, Rick - 2016
We use a welfare-based intertemporal stochastic optimization model and historical data to estimate the size of the optimal intergenerational and liquidity funds and the corresponding resource dividend available to the government of the Canadian province Alberta. To first-order of approximation,...
Persistent link: https://www.econbiz.de/10011555544
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Changes in risk and the demand for saving
Eeckhoudt, Louis; Schlesinger, Harris - 2008
How does risk affect saving? Empirical work typically examines the effects of detectible differences in risk within the data. How these differences affect saving in theoretical models depends on the metric one uses for risk. For labor-income risk, second-degree increases in risk require prudence...
Persistent link: https://www.econbiz.de/10010264428
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Aggressive oil extraction and precautionary saving: Coping with volatility
van der Ploeg, Frederick - 2010
by the Hotelling rule and optimal budgetary policies by the tax and consumption smoothing principle. Volatile oil demand …
Persistent link: https://www.econbiz.de/10010270525
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Economic Uncertainty and Fertility
Gozgor, Giray; Bilgin, Mehmet Huseyin; Rangazas, Peter - 2021
saving predicts that an increase in income uncertainty increases saving by reducing both consumption and fertility. We …
Persistent link: https://www.econbiz.de/10012582088
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Perceived Precautionary Savings Motives : Evidence from FinTech
D'Acunto, Francesco - 2020
We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...
Persistent link: https://www.econbiz.de/10012840540
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Economic Uncertainty and Fertility
Gozgor, Giray; Bilgin, Mehmet; Rangazas, Peter - 2021
saving predicts that an increase in income uncertainty increases saving by reducing both consumption and fertility. We …
Persistent link: https://www.econbiz.de/10013231969
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Buffer-Stock Saving and Households' Response to Income Shocks
Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2016
information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …
Persistent link: https://www.econbiz.de/10011555586
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Job displacement insurance and (the lack of) consumption-smoothing
Gerard, Francois; Naritomi, Joana - 2019
dissave the lump-sum progressively to smooth consumption after layoff. Using de-identified high-frequency expenditure data and … matched employee-employer data from Brazil, we find that displaced workers eligible for both UI and SP increase consumption at … layoff by 35% despite experiencing a 17% consumption loss after they stop receiving any benefits. Moreover, this sensitivity …
Persistent link: https://www.econbiz.de/10012018316
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Monetary policy transmission to consumer financial stress and durable consumption
Georgarakos, Dimitris; Tatsiramos, Konstantinos - 2019
We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using … savers. We find symmetric effects on durable consumption, mainly driven by mortgagors with high debt burden or limited access …
Persistent link: https://www.econbiz.de/10012052777