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Explaining the Income and Consumption Effects of COVID in India
Gupta, Arpit; Malani, Anup; Woda, Bartek - National Bureau of Economic Research - 2021
The COVID-19 pandemic led to stark reductions in economic activity in India. We employ CMIE's Consumer Pyramids …, that reservation wages fell, implying that the risk of COVID did not reduce the value of employment. Third, we find that …
Persistent link: https://www.econbiz.de/10012585419
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Much Ado About Nothing : American Jobs and the Rise of Service Outsourcing to China and India
Liu, Runjuan - 2008
China and India have been particularly strong. Then workers in occupations that are exposed to inshoring and offshore …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 …
Persistent link: https://www.econbiz.de/10012464585
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How Economic Development Influences the Environment
Jayachandran, Seema - National Bureau of Economic Research - 2021
Reducing global poverty and addressing climate change and other environmental crises are among the most important challenges facing humanity today. This review article discusses one way in which these problems are intertwined: economic development affects the environment. I synthesize recent...
Persistent link: https://www.econbiz.de/10012616638
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The Marginal Propensity to Consume in Heterogeneous Agent Models
Kaplan, Greg; Violante, Giovanni L. - National Bureau of Economic Research - 2022
What model features and calibration strategies yield a large average marginal propensity to consume (MPC) in heterogeneous agent models? Through a systematic investigation of models with different preferences, dimensions of ex-ante heterogeneity, income processes and asset structure, we show...
Persistent link: https://www.econbiz.de/10013210041
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Consumption and Saving after Retirement
Christensen, Bent Jesper; Kallestrup-Lamb, Malene; … - National Bureau of Economic Research - 2022
The paper analyzes consumption decisions of retired workers, using Danish register data. A major puzzle, which motivates much of the analysis below, is that wealth actually increases for a large fraction of the people in our data. One would expect that wealth accumulated before retirement would...
Persistent link: https://www.econbiz.de/10013172126
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Depression and Shopping Behavior
Meckel, Katherine; Shapiro, Bradley - National Bureau of Economic Research - 2021
Using a large survey panel that connects household shopping behavior with individual health information, this paper documents correlations between self reported depression and the size and composition of shopping baskets. First, we find that roughly 16% of individuals report suffering from...
Persistent link: https://www.econbiz.de/10012696371
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Household Spending Responses to the Economic Impact Payments of 2020 : Evidence from the Consumer Expenditure Survey
Parker, Jonathan A.; Schild, Jake; Erhard, Laura; … - National Bureau of Economic Research - 2022
Using the Consumer Expenditure Survey and variation in amount, receipt, and timing of receipt of Economic Impact Payments (EIPs) authorized by the CARES Act, this paper estimates that people spent less of their EIPs in the few months following arrival than in similar previous policy episodes and...
Persistent link: https://www.econbiz.de/10012814423
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Consumption and Government-Budget Finance in a High-Deficit Economy
Leiderman, Leonardo - 1986
This paper characterizes empirically how government budget variables, such as spending, taxes, and deficits, affected private-sector consumption in the high-budget-deficit economy of Israel during the first half of the 1980s. The paper develops and estimates an intertemporal optimizing model of...
Persistent link: https://www.econbiz.de/10012477038
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Real Interest and Consumption
Hall, Robert E. - 1985
One of the important determinants of the response of saving and consumption to the real interest rate is the elasticity of intertemporal substitution. That elasticity can be measured by the response of the rate of change of consumption to changes in the expected real interest rate. A detailed...
Persistent link: https://www.econbiz.de/10012477386
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The Role of Consumption in Economic Fluctuations
Hall, Robert E. - 1984
Consumption and income tend to move together; the correlation of their first differences is about 0.14. In most accounts, the correlation is attributed to the upward slope of the consumption function. When the publicis better off, they consume more. But in the microeconomic theory of the...
Persistent link: https://www.econbiz.de/10012477699