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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
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
Persistent link: https://www.econbiz.de/10011551036
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
By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance sheet profiles may be perceived as non fungible in a controlled frictionless environment with no probabilistic attributes. A large majority of subjects indeed have a bias in...
Persistent link: https://www.econbiz.de/10012138808
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014364676
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
effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household … upward adjustments in expectations about household debt, desired working hours, and retirement age. Finally, respondents …
Persistent link: https://www.econbiz.de/10012206687
We estimate the causal effect of the Indian Ocean tsunami in Sri Lanka on household income and consumption eight years … increases in household income and consumption in the long-term emerged from our empirical investigation. Deviating from the … nuanced picture with respect to household consumption impacts. We observe a reduction of food consumption and only find an …
Persistent link: https://www.econbiz.de/10011547958
We revisit the prominent finding that women's incomes are disproportionally often observed just below the income of their partner. So far, this bunching has been explained by couple formation or couples' labor market decisions. We propose an additional mechanism: income misreporting in surveys....
Persistent link: https://www.econbiz.de/10011924589
information structure and labor supply decisions follow the Mirrleesian tradition. However, while the household’s total …
Persistent link: https://www.econbiz.de/10010479336