Showing 1 - 10 of 178
work and policy discussions often highlight marginal propensities for expenditure (MPX), which incorporate spending on a …
Persistent link: https://www.econbiz.de/10012814439
Expenditure visibility--the extent to which a household's spending on a consumption category is noticeable to others …-average spending. Jointly, these visibility measures explain up to three quarters or more of the observed variation in total-expenditure …
Persistent link: https://www.econbiz.de/10012480813
We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner's house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth...
Persistent link: https://www.econbiz.de/10012462126
affect total expenditures in households headed by low-educated single mothers. However, patterns of expenditure did change … well-being and expenditure patterns of poor single-mother families. Our research suggests that welfare reform did not … significant changes in expenditures on childcare or learning and enrichment activities. This pattern of results suggests that …
Persistent link: https://www.econbiz.de/10012466037
In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in … ownership and expenses, levels and paths of health status, number of household members, and out-of -pocket medical expenditures …
Persistent link: https://www.econbiz.de/10012456166
We develop a pair of risk measures, health and mortality delta, for the universe of life and health insurance products. A life-cycle model of insurance choice simplifies to replicating the optimal health and mortality delta through a portfolio of insurance products. We estimate the model to...
Persistent link: https://www.econbiz.de/10012461333
Based on a sample of 56 countries, we find that while fiscal policy in the G-7 countries appears to be broadly consistent with Barro's tax smoothing proposition, in developing countries government spending and taxes are highly procyclical (i.e., government spending rises and taxes fall during...
Persistent link: https://www.econbiz.de/10012471277
This paper characterizes the dynamic effects of shocks in government spending and taxes on economic activity in the United States in the post-war period. It does so by using a mixed structural VAR/event study approach. Identification is achieved by using institutional information about the tax...
Persistent link: https://www.econbiz.de/10012471521
, creating efficiency costs, but government expenditure choices can also change. Unless these expenditure choices had been … as private, behavioral responses for tax policy. In particular, we assume that government officials favor expenditure (or …
Persistent link: https://www.econbiz.de/10012471546
Changes in government spending often lead to significant shifts in demand across sectors. This paper analyzes the effects of sector-specific changes in government spending in a two-sector dynamic general equilibrium model in which the reallocation of capital across sectors is costly. The...
Persistent link: https://www.econbiz.de/10012471736