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Persistent link: https://www.econbiz.de/10003495722
The 'saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10010518800
-inconsistent preferences. In our model, hyperbolic discounting couples engage in household production activities, thereby accumulating family … standard models of household behavior. Examples include: marriage contracts that serve as barriers to hasty divorces (e …
Persistent link: https://www.econbiz.de/10011509239
primary surpluses should lead households to anticipate this higher inflation. Are household inflation expectations sensitive …
Persistent link: https://www.econbiz.de/10012437870
Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households' expectations. We provide random subsets of participants in the Nielsen Homescan panel with different combinations...
Persistent link: https://www.econbiz.de/10012231514
This paper studies the distribution of U.S. household income and wealth over the past seven decades. We introduce a … newly compiled household-level dataset based on archival data from historical waves of the Survey of Consumer Finances (SCF … between the 25th and 75th percentile of the distribution. The household data also reveal that the paths of income and wealth …
Persistent link: https://www.econbiz.de/10011717045
. Information treatments about current and next year's interest rates have a strong effect on household expectations but treatments …
Persistent link: https://www.econbiz.de/10012171803
We provide quasi-experimental evidence on the income tax-induced migration of foreign high-income households living in Switzerland by exploiting the differential tax treatment of UK and US households. While the two groups are similar in terms of non-tax sorting preferences, US households are...
Persistent link: https://www.econbiz.de/10014251885
-based inflation expectations measures increase. Changes in household survey expectations or in measures of inflation uncertainty do …
Persistent link: https://www.econbiz.de/10013463289
Persistent link: https://www.econbiz.de/10003612712