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Estimating a consumer demand system of energy, mobility and leisure : a microdata approach for Germany
Beznoska, Martin - 2014
This paper investigates empirically the consumer demand of environmentally relevant goods for Germany, as well as their relationship to the demand for leisure. Higher prices for energy goods like gas, electricity or fuel oil due to higher indirect taxation amongst others may have serious welfare...
Persistent link: https://www.econbiz.de/10010339053
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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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The incidence of the European Union Emissions Trading System and the role of revenue recycling : empirical evidence from combined industry- and household-level data
Beznoska, Martin; Cludius, Johanna; Steiner, Viktor - 2012
household-level data. By combining data on direct CO2 emissions by production sector from the German Environmental Account with …
Persistent link: https://www.econbiz.de/10009579351
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Confronting the representative consumer with household-size heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2010
using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize …-level heterogeneity is household size, as individuals living in multi-member households have the potential to share goods within the … household, benefiting from household-size economies. Theoretically, we show that validating the role of a representative …
Persistent link: https://www.econbiz.de/10009262082
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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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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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Pricing carbon consumption : a review of an emerging trend
Munnings, Clayton; Acworth, William; Sartor, Oliver; … - 2016
Nearly every carbon price regulates the production of carbon emissions, typically at midstream points of compliance, such as a power plant. Over the last six years, however, policymakers in Australia, California, China, Japan, and Korea implemented carbon prices that regulate the consumption of...
Persistent link: https://www.econbiz.de/10011564624
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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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Does Inequality Matter for the Consumption-Wealth Channel? Empirical Evidence
Arrondel, Luc - 2017
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
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The Effect of Unconventional Fiscal Policy on Consumption Expenditure
D'Acunto, Francesco - 2016
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/10012981297