Tax benefits to owner-occupied housing provide incentives for housing consumption, offsetting weaker disincentives of … inefficiency in consumption, but increase inefficiency in location decisions, unless they are accompanied by tax-rate reductions …

stimulate aggregate demand. We investigate whether "unconventional" fiscal policy, in the form of pre-announced consumption tax …

Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation … expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural …

already received transfers directly deposited into a savings account. Using administrative account data and household surveys … number of checks decreases over time as their reported trust in the bank and savings increase. Their overall savings rate … increases by 3-4 percent of household income …

posted prices) reduce aggregate alcohol consumption significantly more than increases in sales taxes (which are added at the …

We provide the first cross-sectoral description of local consumption markets. Detailed credit card data show consumers … new dimension affecting local consumption markets, and provide evidence that consumer mobility influences local employment …

Does mental accounting matter for total consumption expenditures? We exploit a unique setting in which individuals … individuals temporarily increase total consumption expenditure by making purchases with the new card without reducing spending on … the others. We do not observe a corresponding increase in indebtedness. Total consumption expenditure rises even for the …

vulnerable to future income tax hikes, but may benefit from a future switch to consumption taxation if the switch exempts … withdrawals from income taxation. Roth accounts are exempt from future income tax hikes, but are exposed to future consumption … retirement. But the Roth falls far short of the regular 401(k) if taxes in retirement are assessed on consumption rather than on …

This paper summarizes the empirical evidence on how defaults impact retirement savings outcomes. After outlining the … defaults impact retirement savings outcomes at all stages of the savings lifecycle, including savings plan participation …, savings rates, asset allocation, and post-retirement savings distributions. The paper then discusses why defaults have such a …