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How Did U.S. Consumers Use Their Stimulus Payments?

Coibion, Olivier - 2020

Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor-supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...

Persistent link: https://www.econbiz.de/10012824591

The (Un)Importance of Inheritance

Black, Sandra E.; Devereux, Paul J.; Landaud, Fanny; … - 2022

Transfers from parents—either in the form of gifts or inheritances—have received much attention as a source of inequality. This paper uses a 19-year panel of administrative data for the population of Norway to examine the share of the Total Inflows available to an individual (defined as the...

Persistent link: https://www.econbiz.de/10013305650

Time Variation in Lifecycle Consumption and Income

Aksoy, Yunus - 2020

We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption profiles have consistently become flatter: differences in consumption across generations have decreased. Pooling data across different periods to identify lifecycle profiles masks...

Persistent link: https://www.econbiz.de/10012839357

Gender Norms and Income Misreporting within Households

Roth, Anja - 2019

We show that the discontinuity in the distribution of surveyed female income shares at the margin where a woman would outearn her partner is primarily driven by norm induced misreporting in surveys. We draw on unique Swiss data combining survey and administrative information for the same...

Persistent link: https://www.econbiz.de/10012892274

Will Germany's Temporary VAT Tax Rates Cut as Part of the COVID-19 Fiscal Stimulus Package Boost Consumption and Growth?

Funke, Michael; Terasa, Raphael - 2021

On 3 June 2020, the German government announced a EUR 130 billion fiscal stimulus package to stimulate market demand and jumpstart the economy in the wake of the COVID-19 pandemic lockdown in the spring of 2020. The most prominent measure of this package is an unconventional fiscal policy in the...

Persistent link: https://www.econbiz.de/10013314775

Cash Transfer Programs and Household Labor Supply

Boca, Daniela Del - 2020

a conditional cash transfer program (CCT) to low-income families with dependent children on household members' labor …

Persistent link: https://www.econbiz.de/10012834995

The Saving Glut of the Rich and the Rise in Household Debt

Mian, Atif R. - 2020

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

Persistent link: https://www.econbiz.de/10012837475

Consumption Patterns of Indebted Households : Unravelling the Relevance of Fiscal Policy

Afonso, António; Sá Fortes Leitão Rodrigues, Eduardo de - 2023

We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to …

Persistent link: https://www.econbiz.de/10014346252

The Cost of the COVID-19 Crisis : Lockdowns, Macroeconomic Expectations, and Consumer Spending

Coibion, Olivier - 2020

We study how the differential timing of local lockdowns due to COVID-19 causally affects households' spending and macroeconomic expectations at the local level using several waves of a customized survey with more than 10,000 respondents. About 50% of survey participants report income and wealth...

Persistent link: https://www.econbiz.de/10012833731

Pandemic Consumption

Bachmann, Rüdiger; Bayer, Christian; Kornejew, Martin - 2023

This paper examines how households adjusted their consumption behavior in response to COVID-19 infection risk during the early phase of the pandemic. We use a monthly consumption survey specifically designed by the German Statistical Office covering the second wave of COVID-19 infections from...

Persistent link: https://www.econbiz.de/10014356975

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