Showing 1 - 10 of 9,648
the household …
Persistent link: https://www.econbiz.de/10014635608
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014372429
average propensity to consume. Household observable characteristics explain only 8% of MPC variation, highlighting the role of …
Persistent link: https://www.econbiz.de/10014544800
composition of household expenditure is sensitive to the gender of the recipient of a rainfall shock. For example, rainfall shocks …
Persistent link: https://www.econbiz.de/10012468195
related or not, even with the best data. We thus look at household finances and find that individuals delever upon retirement …
Persistent link: https://www.econbiz.de/10012453309
To what extent does household inequality affect the response of aggregate consumption to aggregate real shocks? We … first review two state-of-the-art papers with household heterogeneity and aggregate uncertainty. They teach us that having a …
Persistent link: https://www.econbiz.de/10012453640
Household economies of scale arise when households with multiple members share public goods, making larger households … better off at lower per capita expenditures. While estimates of household economies of scale are critical for measuring … income and living standards, we do not know how these scale economies change over time. I use American household expenditure …
Persistent link: https://www.econbiz.de/10012464778
We study the dynamic relationship between women's intra-household reputation and investment decisions. We consider … household investments delegated to the wife in settings where wives perceived to be savvy investors by their husbands are …---we call this the intra-household sunk cost effect. These dynamics have important implications for women's well-being as well …
Persistent link: https://www.econbiz.de/10014247996
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
We present evidence that many households have only a vague notion of what they are spending on various consumption items. We then develop a life-cycle model that captures this absent-mindedness'. The model generates precautionary spending, whereby absent-minded agents tend to consume more than...
Persistent link: https://www.econbiz.de/10012468478