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The Consumption Effects of the 2007-2008 Financial Crisis : Evidence from Household-Level Data
Jensen, Thais - 2015
Did the financial crisis spread from distressed banks to households through a contraction of the credit supply? We study this question with a dataset that contains observations on all accounts in Danish banks as well as comprehensive information about individual account holders and banks. We...
Persistent link: https://www.econbiz.de/10013010472
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A Public Good Version of the Collective Household Model : An Empirical Approach with an Application to British Household Data
Klaveren, Chris van; van Praag, B.M.S; Maassen van den … - 2021
In this paper we consider an empirical collective household model of time allocation for two-earner households. The … novelty of this paper is that we estimate a version of the collective household model, where the internally produced goods and … are equally weighted in the household utility function; (3) Differences in the ratio of the partners' hourly wages are …
Persistent link: https://www.econbiz.de/10013316615
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Playing with the Good Guys - A Public Good Game with Endogenous Group Formation
Brekke, Kjell Arne - 2013
In public good games, voluntary contributions tend to start off high and decline as the game is repeated. If high contributors are matched, however, contributions tend to stay high. We propose a formalization predicting that high contributors will self-select into groups committed to charitable...
Persistent link: https://www.econbiz.de/10013095928
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Playing with the good guys : a public good game with endogenous group formation
Brekke, Kjell Arne; Hauge, Karen Evelyn; Lind, Jo Thori; … - 2009
In public good games, voluntary contributions tend to start off high and decline as the game is repeated. If high contributors are matched, however, contributions tend to stay high. We propose a formalization predicting that high contributors will self-select into groups committed to charitable...
Persistent link: https://www.econbiz.de/10010276092
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MPC Heterogeneity and Household Balance Sheets
Fagereng, Andreas - 2019
to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …
Persistent link: https://www.econbiz.de/10012898430
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A Theoretical Analysis of the Effects of Legislation on Marriage, Fertility, Domestic Division of Labour, and the Education of Children
Cigno, Alessandro - 2021
Decisions concerning marriage, fertility, participation, and the education of children are explained using a two … children equally between them, while the predominant pattern in developing countries is for the father to specialize in market … work leaving the care of the children to the mother. The other is that the sign of the cross-country correlation between …
Persistent link: https://www.econbiz.de/10013316739
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Are Consumers Planning Consumption According to an Euler Equation?
Dräger, Lena - 2017
Evaluating a new survey dataset of German consumers, we test whether individual consumption plans are formed according to an Euler equation derived from consumption life-cycle models. Estimating several consumption Euler equations, the results are mostly in line with the theory: We find evidence...
Persistent link: https://www.econbiz.de/10012964377
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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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Scarcity and Consumption Priorities
Dahan, Momi; Sayag, Doron - 2023
This paper focuses on whether households facing economic scarcity tend to change consumption priorities as measured by the share of spending on necessity goods relative to luxury goods in a large national supermarket chain in Israel for the years 2011–2018. Based on detailed weekly revenue...
Persistent link: https://www.econbiz.de/10014358647
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A Temporary VAT Cut as Unconventional Fiscal Policy
Bachmann, Rüdiger; Born, Benjamin; Goldfayn-Frank, Olga; … - 2021
We exploit the unexpected announcement of an immediate, temporary VAT cut in Germany in the second half of 2020 as a natural experiment to study the spending response to unconventional fiscal policy. We use survey and scanner data on households’ consumption expenditures and their perceived...
Persistent link: https://www.econbiz.de/10013314690