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In this paper we study consumption network effects. Does the consumption of our peers affect our own consumption? How large is such effect? What are the economic mechanisms behind it? We use long panel data on the entire Danish population to construct a measure of consumption based on...
Persistent link: https://www.econbiz.de/10012988501
the financial cost of refinancing). We estimate the model on high-quality administrative panel data from Denmark, where …
Persistent link: https://www.econbiz.de/10013224345
We measure the response of household spending to the economic stimulus payments (ESPs) disbursed in mid-2008, using …
Persistent link: https://www.econbiz.de/10013131507
The impacts of choice in public services are controversial. We exploit a reform in the English National Health Service to assess the impact of relaxing constraints on patient choice. We estimate a demand model to evaluate whether increased choice increased demand elasticity faced by hospitals...
Persistent link: https://www.econbiz.de/10013097271
related or not, even with the best data. We thus look at household finances and find that individuals delever upon retirement …
Persistent link: https://www.econbiz.de/10012840010
When the zero lower bound on nominal interest rate binds, monetary policy makers may lack traditional tools to stimulate aggregate demand. We investigate whether "unconventional" fiscal policy, in the form of pre-announced consumption tax changes, has the potential to meaningfully shift durables...
Persistent link: https://www.econbiz.de/10012908479
Expenditure visibility—the extent to which a household's spending on a consumption category is noticeable to others …
Persistent link: https://www.econbiz.de/10012909500
related or not, even with the best data. We thus look at household finances and find that individuals delever upon retirement …
Persistent link: https://www.econbiz.de/10012899756
To what extent does household inequality affect the response of aggregate consumption to aggregate real shocks? We … first review two state-of-the-art papers with household heterogeneity and aggregate uncertainty. They teach us that having a …
Persistent link: https://www.econbiz.de/10012941979
We report the results of a field experiment where we exogenously vary the use of social comparisons "nudges" and subsidies for participation in an in-home energy audit program, and follow subjects through to the subsequent purchase of durable goods. We therefore can compare the causal effect of...
Persistent link: https://www.econbiz.de/10012977280