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International Evidence on Sticky Consumption Growth
Carroll, Christopher D. - 2008
We estimate the degree of 'stickiness' 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 stickiness...
Persistent link: https://www.econbiz.de/10012464771
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The Effect of Macroeconomic Uncertainty on Household Spending
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - National Bureau of Economic Research - 2021
luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes …
Persistent link: https://www.econbiz.de/10012496179
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MPC Heterogeneity in Europe : Sources and Policy Implications
Ampudia, Miguel - 2018
This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand …. The estimation of key parameters uses a simulated method of moments approach to match moments related to asset market … estimation are used to characterize the distributions of the marginal propensity to consume across households for each of the …
Persistent link: https://www.econbiz.de/10012480733
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Who Are the Hand-to-Mouth?
Aguiar, Mark A. - 2020
Many households hold little wealth, especially liquid wealth. In precautionary savings models, absent preference heterogeneity, these households should display not only higher marginal propensities to consume (MPCs), but also lower average propensities to consume (APCs) and higher future...
Persistent link: https://www.econbiz.de/10012479167
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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/10012458591
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Auswirkungen von Erbschaften und Schenkungen auf die Vermögensbildung privater Personen und Haushalte: Eine ökonometrische Analyse auf der Basis des Sozio-oekonomischen Panels
Westerheide, Peter - 2004
Die Untersuchung analysiert das Sparverhalten der über 30- bis unter 50jährigen Personen bzw. Haushalte mit Haushaltsvorständen in dieser Altersgruppe in Reaktion auf erhaltene Erbschaften bzw. Transfers zu Lebzeiten. Zugrunde liegen aktuelle Daten des Sozio-oekonomischen Panels. Mittels...
Persistent link: https://www.econbiz.de/10010297351
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Wirkungen eines Betreuungsgeldes bei bedarfsgerechtem Ausbau frühkindlicher Kindertagesbetreuung: Eine Mikrosimulationsstudie
Beninger, Denis; Bonin, Holger; Horstschräer, Julia; … - 2010
Tagesbetreuung für Kinder im Alter von 13 bis 36 Monaten. Wir schätzen mit SOEP-Daten und unter Berücksichtigung partiell …
Persistent link: https://www.econbiz.de/10010301696
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The Effect of Unconventional Fiscal Policy on Consumption Expenditure
D’Acunto, Francesco - 2016
Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural experiment for an empirical test of the effectiveness of...
Persistent link: https://www.econbiz.de/10012456116
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Price Discounts and Cheapflation During the Post-Pandemic Inflation Surge
Cavallo, Alberto; Kryvtsov, Oleksiy - National Bureau of Economic Research - 2024
We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between 2018 and 2024. Measuring unit prices within narrowly...
Persistent link: https://www.econbiz.de/10014576655
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Mortgage Rates, Household Balance Sheets, and the Real Economy
Keys, Benjamin J. - 2014
This paper investigates the impact of lower mortgage rates on household balance sheets and other economic outcomes … relative terms, and an overall improvement in household credit standing. New financing of durable consumption by borrowers with … implications for the pass-through of monetary policy to the real economy through mortgage contracts and household balance sheets …
Persistent link: https://www.econbiz.de/10012458104