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Much Ado About Nothing : American Jobs and the Rise of Service Outsourcing to China and India
Liu, Runjuan - 2013
We examine the impact on U.S. labor markets of offshore outsourcing in services to China and India. We also consider … China and India. Using March-to-March matched CPS data for 1996-2006 we examine the impacts on (1) occupation and industry … experienced during 1996-2005 in business, professional and technical services i.e., in segments where China and India have been …
Persistent link: https://www.econbiz.de/10012753588
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Consumer Spending and the Economic Stimulus Payments of 2008
Parker, Jonathan A. - 2011
We measure the response of household spending to the economic stimulus payments (ESPs) disbursed in mid-2008, using special questions added to the Consumer Expenditure Survey and variation arising from the randomized timing of when the payments were disbursed. We find that, on average,...
Persistent link: https://www.econbiz.de/10013131507
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Consumption and the Great Recession
De Nardi, Mariacristina - 2011
We document some key facts about aggregate consumption and its subcomponents over time. We then document the behavior of some important determinants of consumption, such as consumers' expectations about their future income, and changes in the consumers' wealth positions. Finally, we use a simple...
Persistent link: https://www.econbiz.de/10013117210
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The Rand Health Insurance Experiment, Three Decades Later
Aron-Dine, Aviva - 2012
We re-present and re-examine the analysis from the famous RAND Health Insurance Experiment from the 1970s on the impact of consumer cost sharing in health insurance on medical spending. We begin by summarizing the experiment and its core findings in a manner that would be standard in the current...
Persistent link: https://www.econbiz.de/10013096134
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Sticky Expectations and Consumption Dynamics
Carroll, Christopher D. - 2018
Macroeconomic models often invoke consumption “habits” to explain the substantial persistence of aggregate consumption growth. But a large literature has found no evidence of habits in microeconomic datasets that measure the behavior of individual households. We show that the apparent...
Persistent link: https://www.econbiz.de/10012925895
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Uncertain Outcomes and Climate Change Policy
Pindyck, Robert S. - 2010
Focusing on tail effects, I incorporate distributions for temperature change and its economic impact in an analysis of climate change policy. I estimate the fraction of consumption w*(tau) that society would be willing to sacrifice to ensure that any increase in temperature at a future point is...
Persistent link: https://www.econbiz.de/10013151360
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The Retirement-Consumption Puzzle : New Evidence from Personal Finances
Olafsson, Arna - 2020
This paper uses a detailed panel of individual spending, income, account balances, and credit limits from a personal finance management software provider to investigate how expenditures, liquid savings, and consumer debt change around retirement. The longitudinal nature of our data allows us to...
Persistent link: https://www.econbiz.de/10012840010
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International Evidence on Sticky Consumption Growth
Carroll, Christopher D. - 2008
We estimate the degree of amp;apos;stickinessamp;apos; in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a...
Persistent link: https://www.econbiz.de/10012772369
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Global Rebalancing with Gravity : Measuring the Burden of Adjustment
Dekle, Robert - 2008
We use a forty-two country model of production and trade to assess the implications of eliminating current account imbalances for relative wages, relative GDP's, real wages, and real absorption. How much relative GDP's need to change depends on flexibility of two forms: factor mobility and the...
Persistent link: https://www.econbiz.de/10012772425
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A Strategy for Evaluating the Opportunity Cost of Time Estimates from New Choice Margins
McConnell, K.E. - 2017
Information frictions imply it is reasonable to expect the same commodity, in a given location, to sell for different prices at the same time. Aguiar and Hurst (AH) [2007] demonstrate how the search behavior implied by these price differences can be used estimate the opportunity cost of time....
Persistent link: https://www.econbiz.de/10012957384