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lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with …
Persistent link: https://www.econbiz.de/10011282352
We use a new panel dataset of credit card accounts to analyze how consumer responded to the 2001 Federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that, on...
Persistent link: https://www.econbiz.de/10010986371
would increase aggregate consumption by 0.82 percent. Furthermore, we find that redistributing 1% of national disposable … income from the top to the bottom decile of the income distribution would boost aggregate consumption by 0.33%. …
Persistent link: https://www.econbiz.de/10010958511
Buffer-stock models of saving are now standard in the consumption literature. This paper builds theoretical foundations … proposition that aggregate consumption growth equals aggregate income growth in a small open economy populated by buffer stock …
Persistent link: https://www.econbiz.de/10010958518
We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …
Persistent link: https://www.econbiz.de/10010958525
information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …
Persistent link: https://www.econbiz.de/10011637578
We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …
Persistent link: https://www.econbiz.de/10010420293
We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of …
Persistent link: https://www.econbiz.de/10010958788
The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income …
Persistent link: https://www.econbiz.de/10010958808
requires, should be easy to empirically disprove: since household-consumption choices differ for households with more members …
Persistent link: https://www.econbiz.de/10010421122