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Spending effects of child-related fiscal transfers
Goldfayn-Frank, Olga; Lewis, Vivien; Wehrhöfer, Nils - 2022
As part of Germany's fiscal response to the Covid-19 pandemic, parents received three payments totalling e450 per child. Randomization in the payment dates and daily scanner data allow us to identify the effects of these transfers on household spending. We find a significant but small spending...
Persistent link: https://www.econbiz.de/10013272165
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Spending Effects of Child-Related Fiscal Transfers
Goldfayn-Frank, Olga; Lewis, Vivien; Wehrhöfer, Nils - 2022
As part of Germany's fiscal response to the Covid-19 pandemic, parents received three payments totalling e450 per child. Randomization in the payment dates and daily scanner data allow us to identify the effects of these transfers on household spending. We find a significant but small spending...
Persistent link: https://www.econbiz.de/10014030082
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Mental accounting and the marginal propensity to consume
Bernard, René - 2023
This paper studies how and why consumers respond to unexpected, transitory income shocks. In a randomized control trial, I elicit marginal propensities to consume (MPC) out of different hypothetical income shock scenarios, varying the payment mode, the shock size, and the source of income. The...
Persistent link: https://www.econbiz.de/10014320847
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Mental Accounting and the Marginal Propensity to Consume
Bernard, René - 2023
This paper studies how and why consumers respond to unexpected, transitory income shocks. In a randomized control trial, I elicit marginal propensities to consume (MPC) out of different hypothetical income shock scenarios, varying the payment mode, the shock size, and the source of income. The...
Persistent link: https://www.econbiz.de/10014349251
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Household bargaining, pension contributions and retirement expectations: Evidence from the German Panel on Household Finances
Fernandes, Inês; Schmidt, Tobias - 2021
In this paper, we study the relationship between intrahousehold bargaining styles, bar-gaining power and individual pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household Finances (PHF) survey. The paper builds on a theoretical...
Persistent link: https://www.econbiz.de/10012698566
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Household Bargaining, Pension Contributions and Retirement Expectations : Evidence from the German Panel on Household Finances
Fernandes, Ines; Schmidt, Tobias - 2022
In this paper, we study the relationship between intrahousehold bargaining styles, bar-gaining power and individual pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household Finances (PHF) survey. The paper builds on a theoretical...
Persistent link: https://www.econbiz.de/10013310307
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Cross-country Differences in Homeownership : A Cultural Phenomenon?
Huber, Stefanie; Schmidt, Tobias - 2021
Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging … from 40% in Switzerland to 80% in Spain. This paper investigates whether culture is a driving factor of the homeownership … decision, and could thus explain part of the cross-country differences in homeownership rates. To isolate the effect of …
Persistent link: https://www.econbiz.de/10013315333
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Toothless tiger with claws? Financial stability communication, expectations, and risk-taking
Beutel, Johannes; Metiu, Norbert; Stockerl, Valentin - 2021
We study the effects of central bank communication about financial stability on individuals' expectations and risk-taking. Using a randomized information experiment, we show that communication causally affects individuals' beliefs and investment behavior, consistent with an expectations channel...
Persistent link: https://www.econbiz.de/10012490463
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Toothless Tiger with Claws? Financial Stability Communication, Expectations, and Risk-Taking
Beutel, Johannes; Metiu, Norbert; Stockerl, Valentin - 2021
We study the effects of central bank communication about financial stability on individuals' expectations and risk-taking. Using a randomized information experiment, we show that communication causally affects individuals' beliefs and investment behavior, consistent with an expectations channel...
Persistent link: https://www.econbiz.de/10013236389
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Hampered interest rate pass-through: A supply side story?
Heckmann, Lotta; Moertel, Julia - 2020
This paper shows that the supply side of credit is a major factor for the phenomenonof hampered interest rate pass-through in monopolistic banking markets. Our data,covering all 1,555 small and medium sized banks in Germany, provides a clear wayto partial out demand shocks; we are thus able to...
Persistent link: https://www.econbiz.de/10012373288