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Who Are the Hand-to-Mouth?
Aguiar, Mark A. - 2020
across consumers …
Persistent link: https://www.econbiz.de/10012479167
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The Rise of Niche Consumption
Neiman, Brent - 2019
Over the last 15 years, the typical household has increasingly concentrated its spending on a few preferred products. However, this is not driven by "superstar" products capturing larger market shares. Instead, households increasingly purchase different products from each other. As a result,...
Persistent link: https://www.econbiz.de/10012480080
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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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Household Debt Overhang Did Hardly Cause a Larger Spending Fall during the Financial Crisis in Australia
Svensson, Lars E. O. - National Bureau of Economic Research - 2021
The "debt-overhang hypothesis" - that households cut back more on their spending in a crisis when they have higher levels of outstanding mortgage debt (Dynan, 2012) - seems to be taken for granted by macroprudential authorities in several countries in their policy decisions, as well as by the...
Persistent link: https://www.econbiz.de/10012533325
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The Wealthy Hand-to-Mouth
Kaplan, Greg - 2014
changes, a prediction for which we find empirical support in PSID data. We explain the implications of this group of consumers …
Persistent link: https://www.econbiz.de/10012458591
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Incorporating Micro Data into Differentiated Products Demand Estimation with PyBLP
Conlon, Christopher; Gortmaker, Jeff - National Bureau of Economic Research - 2023
selected consumers into Berry, Levinsohn, and Pakes (1995)-style estimates of differentiated products demand systems. We extend …
Persistent link: https://www.econbiz.de/10014337838
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Do Consumers Acquire Information Optimally? Experimental Evidence from Energy Efficiency
La Nauze, Andrea; Myers, Erica - National Bureau of Economic Research - 2023
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where …, like many contexts, consumers are poorly informed and make mistakes despite freely-available information. We find consumers … mistakes: a conventional subsidy for energy-efficient products and a non-traditional subsidy paying consumers to view …
Persistent link: https://www.econbiz.de/10014372499
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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 Household Survey to examine the timing, distribution, and mechanism of the impacts from this shock on income and consumption through December 2020. First, we estimate large and...
Persistent link: https://www.econbiz.de/10012585419
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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