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Consumption patterns of indebted households : unravelling the relevance of fiscal policy

Afonso, António; Rodrigues, Eduardo de Sá Fortes Leitão - 2023

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

(Re-)distribution of personal incomes, education and economic performance across countries

Rehme, Günther - 2002

In many OECD countries income inequality has risen, but surprisingly redistribution as well. The theory attributes this …

Persistent link: https://www.econbiz.de/10011409838

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

The effects of biased labor market expectations on consumption, wealth inequality, and welfare

Balleer, Almut; Duernecker, Georg; Forstner, Susanne K.; … - 2021

Idiosyncratic labor risk is a prevalent phenomenon with important implications for individual choices. In labor market research it is commonly assumed that agents have rational expectations and therefore correctly assess the risk they face in the labor market. We analyse survey data for the U.S....

Persistent link: https://www.econbiz.de/10012625879

The burden of unanticipated government spending

Heer, Burkhard; Scharrer, Christian - 2016

We study the impact of a government spending shock on the distribution of income and wealth between cohorts in a dynamic stochastic Overlapping Generations model with two types of households, Ricardian households and rule-of-thumb consumers. We demonstrate that an unexpected increase in...

Persistent link: https://www.econbiz.de/10011458011

Structural change in production networks and economic growth

Gaggl, Paul; Gorry, Aspen; Vom Lehn, Christian - 2023

This paper studies structural change in production networks for intermediate inputs (input-output network) and new capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising fraction of production by services sectors. We develop a...

Persistent link: https://www.econbiz.de/10014285534

Subjective well-being, income, economic development and growth

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - 2010

We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...

Persistent link: https://www.econbiz.de/10008697413

Subjective well-being and income : is there any evidence of satiation?

Stevenson, Betsey; Wolfers, Justin - 2013 - This draft: April 16, 2013

Many scholars have argued that once "basic needs" have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple...

Persistent link: https://www.econbiz.de/10009736745

Economic growth and subjective well-being : reassessing the Easterlin paradox

Stevenson, Betsey (contributor); Wolfers, Justin (contributor) - 2008

The "Easterlin paradoxʺ suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...

Persistent link: https://www.econbiz.de/10003751098

Optimal redistribution : rising inequality vs. rising living standards

Ferriere, Axelle; Grübener, Philipp; Sachs, Dominik - 2024

Over the last decades, the United States has experienced a large increase in, both, income inequality and living standards. The workhorse models of optimal income taxation call for more redistribution as inequality rises. By contrast, living standards play no role for taxes and transfers in...

Persistent link: https://www.econbiz.de/10014551008

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