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MPC heterogeneity and household balance sheets
Fagereng, Andreas; Holm, Martin B.; Natvik, Gisle J. - 2016
Using Norwegian administrative data, we study how sizable lottery prizes affect household expenditure and savings. Expenditure responses (MPCs) spike in the year of winning, with a mean estimate of 0.35, and thereafter fall markedly. Controlling for all items on the household balance sheet and...
Persistent link: https://www.econbiz.de/10011968622
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The Pattern of Household Savings during a Hyperinflation The Case of Urban China in the Late 1980s
Aaberge, Rolf; Zhu, Yu - 1998
This paper presents evidence on household savings in urban regions of the Chinese provinces Sichuan and Liaoning based on data from the State Statistical Bureau's Urban Household Survey for the late 1980s. In this period the Chinese economy was subject to extensive reforms that resulted in rapid...
Persistent link: https://www.econbiz.de/10011967989
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Are Predicted Lifetime Consumption Profiles Robust with respect to Model Specifications?
Kornstad, Tom - 2001
Structural models of lifetime labour supply and consumption require functional specifications of preferences as well as other assumptions that can be difficult to assess a priori. Misspecifications of the model might lead to biases in the estimates of preferences, that may influence the...
Persistent link: https://www.econbiz.de/10011968078
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What can we learn about household consumption expenditure from data on income and assets?
Eika, Lasse; Mogstad, Magne; Vestad, Ola Lotherington - 2020
A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the lack of reliable panel data on household expenditures. One possibility is to use surveys that follow the same households over time, but such data are rare and they typically have...
Persistent link: https://www.econbiz.de/10012801071
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Wealth and Time Preference in Rural Ethiopia
Yesuf, Mahmud; Bluffstone, Randall - 2008
This study measured the discount rates of a sample of 262 farm households in the Ethiopian highlands, using a time preference experiment with real payoffs. In general, the median discount rate was very high—more than double the interest rate on the outstanding debt—and varied systematically...
Persistent link: https://www.econbiz.de/10010541882
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Nudging Energy Efficiency Behavior: The Role of Information Labels
Newell, Richard G.; Siikamäki, Juha - 2013
We evaluate the effectiveness of energy efficiency labeling in guiding household appliance choice decisions. Using a carefully designed choice experiment with several alternative labeling treatments, we disentangle the relative importance of different types of information and intertemporal...
Persistent link: https://www.econbiz.de/10010676255
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Measuring long-term inequality of opportunity
Aaberge, Rolf; Mogstad, Magne; Peragine, Vito - 2010
-post inequality of opportunity if individuals who exert the same effort have different permanent incomes. In comparison, the ex …
Persistent link: https://www.econbiz.de/10011968390
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Consumption insurance among Blacks and Whites
Naguib, Costanza - 2022
We document relevant racial differences in the degree consumption insurance against shocks: Blacks appear to be less insured. We probe these results by performing a double/debiased lasso estimation of the treatment effects of a health shock, and we find that such effects are both larger and more...
Persistent link: https://www.econbiz.de/10013461495
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Inequality in emissions: Evidence from Indonesian households
Irfany, Mohammad Iqbal - 2015
Although the literature on emission inequality is abundant, this study will differentiate itself by focusing on … measures on emission inequality based on household characteristics as well as decompose it into sources of emission. Employing … emission inequality tends to decline until the middle quintiles but then further increases in expenditure level and worsens …
Persistent link: https://www.econbiz.de/10011282626
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Life-cycle inequality: The black and white differential
De Giorgi, Giacomo; Gambetti, Luca; Naguib, Costanza - 2023
With 20 years of PSID data, we document persistent racial differentials in life-cycle consumption dynamics. Starting from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income, and wealth are three key drivers of these different...
Persistent link: https://www.econbiz.de/10014374405