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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

The Wealthy Hand-to-Mouth

Kaplan, Greg - 2014

accounts). We use survey data on household portfolios for the U.S., Canada, Australia, the U.K., Germany, France, Italy, and …

Persistent link: https://www.econbiz.de/10013054868

A Comparison of Micro and Macro Expenditure Measures Across Countries Using Differing Survey Methods

Barrett, Garry F. - 2013

Australia, Canada, the UK and US. Cross-country and time series variation in survey methodology and experience is used to assess … relative to national account is examined. Coverage rates are highest in Canada and the UK. Over the past three decades coverage … remained fairly stable in Canada and Australia; in the UK and US coverage rates declined sharply. Survey response rates and top …

Persistent link: https://www.econbiz.de/10013074227

Dividends, Capital Gains, and the Corporate Veil : Evidence from Britain, Canada, and the United States

Poterba, James M. - 2010

United States, Great Britain, and Canada suggests that higher dividend tax rates lower consumption. This is consistent with …

Persistent link: https://www.econbiz.de/10012762734

Child Cash Benefits and Family Expenditures : Evidence from the National Child Benefit

Jones, Lauren Eden - 2015

refundable tax benefit income in Canada to study these questions. Importantly, our approach allows us to make stronger causal …

Persistent link: https://www.econbiz.de/10013024155

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

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

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

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

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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