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Household Portfolios and Retirement Saving over the Life Cycle
Parker, Jonathan A.; Schoar, Antoinette; Cole, Allison T.; … - National Bureau of Economic Research - 2022
This paper documents the share of investable wealth that middle-class U.S. investors hold in the stock market over their working lives. This share rises modestly early in life and falls significantly as people approach retirement. Prior to 2000, the average investor held less of their investable...
Persistent link: https://www.econbiz.de/10013172180
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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 …
Persistent link: https://www.econbiz.de/10012461973
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The Increase in Income Cyclicality of High-Income Households and its Relation to the Rise in Top Income Shares
Parker, Jonathan A. - 2010
We document a large increase in the cyclicality of the incomes of high-income households, coinciding with the rise in their share of aggregate income. In the U.S., since top income shares began to rise rapidly in the early 1980s, incomes of those in the top 1 percent of the income distribution...
Persistent link: https://www.econbiz.de/10012462080
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Accelerator or Brake? Cash for Clunkers, Household Liquidity, and Aggregate Demand
Green, Daniel - 2016
effects of other indebtedness, household income, and the size of the program subsidy …
Persistent link: https://www.econbiz.de/10012455802
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Why Don't Households Smooth Consumption? Evidence from a 25 Million Dollar Experiment
Parker, Jonathan A. - 2015
This paper evaluates theoretical explanations for the propensity of households to increase spending in response to the arrival of predictable, lump-sum payments, using households in the Nielsen Consumer Panel who received 25 million in randomly-distributed stimulus payments. The pattern of...
Persistent link: https://www.econbiz.de/10012457299
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LEADS on Macroeconomic Risks to and from the Household Sector
Parker, Jonathan A. - 2012
with information on the reallocation of resources within, from, and to the household sector in response to macroeconomic … events. The household sector is both a propagator of shocks to the economy, as wealth is redistributed across households with … of information on household exposures to macroeconomic risk factors - can potentially lead to better macroeconomic …
Persistent link: https://www.econbiz.de/10012460151