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MPC heterogeneity and household balance sheets
Fagereng, Andreas; Holm, Martin Blomhoff; Natvik, Gisle … - 2018
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
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How did U.S. consumers use their stimulus payments?
Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020
Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor-supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...
Persistent link: https://www.econbiz.de/10012263377
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What matters in households' inflation expectations?
Andrade, Philippe; Gautier, Erwan; Mengus, Eric - 2021
We provide survey evidence on how households’ inflation expectations matter for their spending highlighting a behavioral distortion compared to the New Keynesian setup. A large share of households expects prices to remain stable instead of increasing. Such a belief is linked to individual...
Persistent link: https://www.econbiz.de/10012499658
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Income and wealth shocks and expectations during the COVID-19 pandemic
Hanspal, Tobin; Weber, Annika; Wohlfart, Johannes - 2020
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
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Buffer-stock saving and households' response to income shocks
Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2016
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
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Non-parametric preprocessing for the estimation of equivalence scales
Dudel, Christian; Garbuszus, Jan Marvin; Ott, Notburga; … - 2014
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
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Time savings when working from home
Aksoy, Cevat Giray; Barrero, Jose Maria; Bloom, Nicholas; … - 2023
We quantify the commute time savings associated with work from home, drawing on data for 27 countries. The average daily time savings when working from home is 72 minutes in our sample. We estimate that work from home saved about two hours per week per worker in 2021 and 2022, and that it will...
Persistent link: https://www.econbiz.de/10013502723
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Heterogeneous household responses to energy price shocks
Peersman, Gert; Wauters, Joris - 2022
We use survey evidence on reported spending in hypothetical energy price shock scenarios to study novel features of the price elasticity of energy demand and the marginal propensity to consume (MPC) after paying the energy bill. We find that the price elasticity is significantly larger for price...
Persistent link: https://www.econbiz.de/10013473647
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Automatic stabilizers and economic crisis : US vs. Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2009
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10003922975
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The (un)Importance of inheritance
Black, Sandra E.; Devereux, Paul J.; Landaud, Fanny; … - 2022
Transfers from parents - either in the form of gifts or inheritances - have received much attention as a source of inequality. This paper uses a 19-year panel of administrative data for the population of Norway to examine the share of the Total Inflows available to an individual (defined as the...
Persistent link: https://www.econbiz.de/10012815788