Showing 1 - 10 of 1,865
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
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/10011872933
Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric … German micro-data on household expenditure to estimate equivalence scales as a specific example. Our results show that …
Persistent link: https://www.econbiz.de/10010458584
This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household …
Persistent link: https://www.econbiz.de/10011735887
-old children. Using German panel data (SOEP), we show that unemployment of fathers and mothers is negatively associated with their … children's life satisfaction. When controlling for time-invariant individual heterogeneity, our results suggest that maternal … differential impacts between sons and daughters or between younger and older children. Further results suggest that the impact of …
Persistent link: https://www.econbiz.de/10014431287
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/10014314290
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/10012177052
Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural experiment for an empirical test of the effectiveness of...
Persistent link: https://www.econbiz.de/10011523731
This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household …
Persistent link: https://www.econbiz.de/10012944978
The Hamilton method for estimating CPI bias is simple, intuitive, and has been widely adopted. We show that the method confiates CPI bias with variation in cost-of-living across income levels. Assuming a single price index across the income distribution is inconsistent with the downward sloping...
Persistent link: https://www.econbiz.de/10011794248